Gudmundur Stefansson, Managing Director of Icelandic Group's subsidiary Pickenpack Gelmer SAS, has resigned from his post as Managing Director. Gudmundur Stefansson was appointed as Managing Director of Pickenpack Gelmer SAS in 2006. Before that he was responsible for the frozen division of Delpierre. The board has accepted his resignation and wants to thank him for the time with the company. Gudmundur Stefansson will assist the new Managing Director in the next months. The decision has been made that Torsten Krüger will take over the position as Managing Director of Pickenpack Gelmer SAS. Torsten Krüger has been working within Pickenpack - Hussmann & Hahn as CFO since 2001. For further information please contact the CEO of Icelandic Europe, Mr. Finnbogi A. Baldvinsson, tel. +49 172 319 8727.