Marel CEO in shock resignation; deputy Arni Sigurdsson steps up as interim

Editorial Staff

Arni Oddur Thordarson, Chief Executive Officer of Icelandic equipment manufacturing giant Marel, has tendered his resignation with immediate effect, due to personal reasons.

Deputy Chief Executive Officer Arni Sigurdsson has been appointed as Interim Chief Executive Officer of Marel effective immediately, the company announced in a statement on Tuesday.

“I would like to express my sincere gratitude to all the ambitious employees, progressive customers and the numerous shareholders I have been so privileged to work with, first as the Chairman of the Board of Directors of Marel and then as Chief Executive Officer,” said Thordarson. “Together, we have dealt with the challenges and opportunities and strengthened Marel‘s competitiveness, step by step. Most importantly, Marel is well positioned to deliver for its customers and on its strategy.“

Sigurdsson joined Marel in 2014 initially as Head of Strategy, then from 2020 – 2022 held the role of Chief Strategy Officer and Executive Vice President Strategic Business Units before assuming the position of Chief Business Officer and Deputy CEO in November 2022.

Before joining Marel he worked at AGC Partners and Landsbanki Islands. He graduated with an MBA degree from Harvard Business School and BSc in Industrial Engineering from the University of Iceland.


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