Eggert Þór Kristófersson appointed CEO of Landeldi hf.

Eggert Þór Kristófersson, new CEO of Landeldi
Eggert Þór Kristófersson, new CEO of Landeldi

Landeldi’s Board of Directors has appointed Eggert Þór Kristófersson as the company's CEO. He will assume the position as of August 17th, 2022. 

Born in 1970, Eggert Þór worked from 1995 to 2008 at Íslandsbanki and Glitnir Bank. He served as the managing director of Glitnir Bank's asset management in Iceland and Finland. Eggert Þór held the position of a finance manager of the company N1 (now the listed retail company Festi hf.) in 2011 and later CEO in February 2015. Eggert has been the chairman of the board of N1, Krónan, ELKO, Festi Real Estate, Bakkinn Supply Hotel, Malik Supply A/S and Nordic Marine Oil in Denmark.

Eggert Þór has a Cand. Oecon. degree in business administration and auditing from the University of Iceland and is a licensed stockbroker. Eggert Þór will assume the CEO position previously held by Halldór Ólafur Halldórsson, chairman of Landeldi's board.

About Landeldi

Landeldi hf. was founded in 2017. The municipality Ölfus, in south-western Iceland, has been supportive of the company from start. The Ölfus area is particularly favorable for land-based salmon farming. Landeldi hf. aims to grow salmon production steadily to 33,500 tonnes annually by 2028.

The company operates a hatchery in the nearby town of Hveragerði. The main farm is in Þorlákshöfn (Ölfus) and the total operating area of 33 ha, has aquired all the licences required for this type of operation. The company produces about 2,000 l/sec of seawater from its own boreholes on Landeldið's plot and operates four sea tanks in its growout station. The plan is a total of 14 operational tanks by the end of next year and a steady buildup throughout the decade. Biomass production is estimated to be at around 500 tons at the end of 2022. The Landeldi growout station currently houses 450 thousand individual salmon in the growout tanks and raises approximately 1.6 million smolts in the hachery at Öxnalækur. Landeldi employs 25 staff plus around 50 subcontractors. 

Landeldi takes pride in the utilization of waste for soil enriching fertilizer. The company has recently signed a memorandum of understanding with Farmers Association of Iceland and made a purchase agreement for technical equipment from Blue Ocean Technology. Stoðir hf., Framherji ehf. and Fylla ehf. are the largest shareholders of Landeldi hf. along with its entrepreneurs.

"I am grateful for the opportunity to participate in the development of fish farming on land. Landeldi has a solid, experienced staff with great knowledge of aquaculture. I look forward to working with the talent on board, to achieve an even greater excellence in producing a high quality product for export, and obtain a positive environmental impact in the process," says Eggert Þór Kristófersson, new CEO of Landeldi.

"Eggert Þór is a powerful, experienced leader with ambitious environmental goals. He has had a successful career as a manager of a listed growth company for the last decade, his appointment underlines that Landeldi has ambitions growth plans ahead. Now Landeldi has secured all the fundamentals for building a large-scale salmon farm" says Halldór Ólafur Halldórsson, Landeldi's COB.


Landeldi's 1st generation smolts moved to the first growout tank operation in early April