Útgerðarfélag Reykjavíkur hf. started to publicly publish financial reports for the year ended 2020 with the intention to publish on a half yearly basis going forward.


The Company’s Board of Directors is composed of three members, elected at the Annual General Meeting for a one-year term. The Board of Directors holds the supreme authority between shareholders meetings and promotes the development and long-term performance of the Group and the supervision of its operations.

The Board is responsible for the recruitment and dismissal of the CEO. The Rules of Procedure for the Board of Directors are supplementary to the Articles of Association. Together with the CEO, they formulate the strategy, policies, and set goals and risk parameters for the organization.

Magnús Helgi Árnason Chairman of the Board since November 2019

Agnes Guðmundsóttir Joined the Board in April 2016

Rebekka Guðmundsóttir Joined the Board in April 2016

Runólfur Viðar Guðmundsson Chief Executive Officer since September 2018


Guðmundur Kristjánsson is 100% beneficial owner of Ú.R. as per the below investment structure (updated 29 March 2021).