Read the press release in Viðskiptablaðið

Guðmundur Ingi Ásmundsson, who served as CEO of Landsnet for more than a decade, has joined the board of directors of Njörður Holding ehf.

Guðmundur Ingi brings more than four decades of experience in Iceland’s energy sector. He joined Landsvirkjun in 1982 and was involved in establishing Landsnet in 2005. His roles at Landsnet included System Manager, Executive Director of System Operations and Deputy CEO before he was appointed CEO in 2015. He left the company in the summer of 2025.

“We are delighted to welcome Guðmundur Ingi to Njörður’s board. He brings extensive experience and exceptional knowledge of Iceland’s electricity system and the development of the infrastructure that underpins Icelandic industry. His experience will be invaluable in the next stages of the company’s development,” says Friðrik Steinn Kristjánsson, chairman of Njörður’s board of directors.

Njörður is establishing a new magnesium production operation in Iceland, where magnesium will be extracted from seawater using renewable energy, with no direct carbon dioxide emissions from the production process. Preparations for the company’s pilot production are now in full swing, alongside continued development of its planned plant at Grundartangi.

“Njörður is pursuing an ambitious industrial project in which energy and robust infrastructure play a key role. I look forward to working with the company’s board and staff on the projects ahead,” says Guðmundur Ingi Ásmundsson.