Gudmundur Davidsson has been appointed CEO of Eimskip in Iceland following organizational changes. Eimskip's North-Atlantic division has been parted into two divisions due to substantial growth recently. From now on Iceland is thus a special division of Eimskip. Gudmundur Davidsson has been appointed CEO of Iceland, while Bragi Thor Marinosson will be the CEO of North-Atlantic. Baldur Gudnason, CEO of Hf. Eimskipafelag Islands: “Eimskip has grown significantly in a short period of time. The turnover of the company has increased by approximately 10 times the last three years. Eimskip currently operates in over 30 countries and employs around 14,500 people, compared with 1,200 people three years ago. These changes emphasize the importance of Eimskip's operation in Iceland and they will further strengthen the good relationship Eimskip has with its customers.” The CEO of Eimskip Iceland will focus on operating and developing the daily operations in the country, as it is a very import part of the company. The CEO of North-Atlantic will focus on further development of the business in that area, especially in the Faroe Islands and Norway. Eimskip is one of the biggest companies in the Faroe Islands with approximately 500 employees. In Norway Eimskip specializes in transportation and storage of frozen and chilled seafood and its extensive service network enables Eimskip to offer the seafood industry comprehensive service, from landing and storage of marine products to transport of these products to the final purchaser, together with related services. Gudmundur P. Davidsson has vast experience in management and has served as a board member of numerous companies. Formerly he was an Executive Vice President of Fjarfestingafelagid Grettir. He was the director of marketing and business development at the corporate division of Landsbanki 2003-2007. Gudmundur worked for SIF 2000 - 2003 and headed business development at SIF in France. Gudmundur worked for Samskip for 12 years as a manager both in Iceland and abroad. Gudmundur is married to Kristjana Ólafsdóttir and has three sons. Bragi Thor Marinosson has been Executive Vice President of North Atlantic since 2006. He was the Executive Vice President of Eimskip International 2004 - 2006 and the Managing Director of Eimskip's subsidiaries in The Netherlands and Belgium from 1999 to 2004. Bragi is married to Erla Sigrun Sveinsdottir and has two daughters. Further information: Baldur Guðnason CEO Eimskip, tel:525-7202