Gudmundur Thoroddson Leaves Reykjavik Energy Invest
Moves on to new challenges after 15 years with the group
Reykjavik, Iceland, May 30, 2008 – Gudmundur Thoroddson, Chief Executive and President of Reykjavik Energy Invest (REI), will leave the CEO and President post today. In the immediate period after his departure the Acting Chief Executive of Reykjavik Energy, Hjörleifur Kvaran will be responsible for the day-to-day business of Reykjavik Energy Invest.
Comments:
Mr. Gudmundur Thoroddsson, REI's President and CEO:
For more than 15 years I have been working for Reykjavik Energy and the company's predecessors. I am happy that we have successfully built Reykjavik Energy into the world's leading renewable business and would like to thank all of Reykjavik Energy´s employees for the collaboration over the past years.
Mr. Kjartan Magnusson, Chairman Reykjavik Energy and Reykjavik Energy Invest:
Gudmundur Thoroddsson has been a leading force in the convergence of several utility companies in Iceland into one leading energy company, Reykjavik Energy. On behalf of the staff, owners and board of Reykjavik Energy and Reykjavik Energy Invest, I would like to thank Gudmundur for his contribution over the years and wish him all the best in the future.
For further information, contact:
Eiríkur Hjálmarsson, Phone +354 617 7717, email: Eirikur.Hjalmarsson@or.is
About Reykjavik Energy Invest
Reykjavik Energy Invest (REI) (www.rei.is / info@rei.is) is the Reykjavik Energy (Orkuveita Reykjavikur) international business development and investment arm. Reykjavik Energy Invest focuses on creating partnerships to develop geothermal areas. The company invests in geothermal exploitation rights; develops, constructs and operates geothermal fields; and seeks to acquire geothermal plants currently in operation. Reykjavik Energy is the world’s leading authority in the utilization of geothermal energy. Over the past 60 years, the company has consolidated its leadership by supplying a large portion of the Icelandic population with geothermal water for domestic heating and by gradually developing new steam fields for power production.