Lýdur Gudmundsson
Non-executive Chairman
Member of Compensation Committee

Born: 1967
Nationality: Icelandic
Principal occupation: Chairman of Exista hf.
Professional background: Founder of Bakkavör Group in 1986, Chief Executive Officer from 1986 to May 2006.
Education: The Commercial College of Iceland.
Other activities and functions: Chairman of Skipti hf. and Board member of Kaupthing Bank hf.
First elected to the Board: 1 August 1986
Shareholdings: 855,166,183 (Owned jointly with Agust Gudmundsson through Exista B.V. and related parties.)

Ágúst Gudmundsson
Chief Executive Officer

Born: 1964
Nationality: Icelandic
Principal occupation: Chief Executive Officer of Bakkavör Group
Professional background: Founder of Bakkavör Group in 1986 and Executive Chairman from 1986 to May 2006 and Chief Executive Officer from May 2006.
Education: College of Armuli in Reykjavik, Iceland.
Other activities and functions: Board member of Exista and Fram Foods hf.
First elected to the Board: 1 August 1986
Shareholdings: 855,166,183 (Owned jointly with Lydur Gudmundsson through Exista B.V. and related parties.)

Antonios P. Yerolemou
Non-executive Director
Vice Chairman of the Board of Directors
Member of Compensation Committee

Born: 1942
Nationality: British
Principal occupation: Non-executive Director of a number of companies.
Professional background: Chief Executive Officer of Katsouris Fresh Foods (KFF) from 1982-2002. Executive Chairman of KFF 2002-2005.
Education: Primarily educated in Cyprus. Studied Business Administration in London.
First elected to the Board: 4 January 2002
Shareholdings: 74,534,353

Ásgeir Thoroddsen

Non-executive Director
Chairman of  Audit and Compensation Committees

Born: 1942
Nationality: Icelandic
Principal occupation: Attorney to the Supreme Court of Iceland
Professional background: Lawyer and partner in Reykjavik law firm since 1977
Education: Cand. Juris from University of Iceland and a degree in Public Administration from New York University.
Other activities and functions: Chairman of Intrum Iceland hf. Board member of Kaupthing Bank hf., Vátryggingarfélag Íslands hf, Liftryggingafélag Islands hf. and Lýsing hf.

First elected to the Board: 2 March 2000
Shareholdings: 1,418,164 (including financially related parties)

Dion Liveras
Executive Director
Member of Audit Committee

Born: 1959
Nationality: British
Principal occupation: Managing Director of Laurens Patisseries Ltd.
Professional background: Joined the family frozen food business, Fleur De Lys Patisseries Ltd., in 1978, Managing Director 1985-1992. (The company was acquired by Grand Metropolitan in 1987). Founded Laurens Patisseries Ltd in 1992, which was acquired by Bakkavör Group in 2006. Managing Director of Laurens Patisseries from 1992 to present. 
Education: 8 O'Levels and OND Business Studies.
First elected to the Board: 23 March 2007
Shareholdings: 80,269,613 (through Lauren & Alysia Investments)

Hildur Árnadóttir
Non-executive Director

Born: 1966
Nationality: Icelandic
Principal occupation: State Authorised Public Accountant
Professional background: State Authorised Public Accountant at KPMG from 1990 and Partner from 1997. CFO of Bakkavör Group between 2004 - February 2008
Education: A degree in Business Administration from the University of Iceland and became a state authorised public accountant in 1995
Other activities and functions: Hildur is a Board Member of the Iceland Chamber of Commerce and the Finnish Icelandic Chamber of Commerce, Exista hf., Skipti hf, Lýsing hf, Líftryggingafélag Íslands hf., Vátryggingafélag Íslands hf. and Fram Foods hf. A good experience as an auditor in the financial sector and CFO in the manufacturing sector. Entrusted to be a Member and Chairman of the Audit committee and the Ethics committee of the Institute of State Authorised Public Accountants as well as other committees.
First elected to the Board: 14 March 2008
Shareholdings: 3,500,000