The Board of Directors of Kvika banki hf. and the bank?s CEO, Marinó Örn Tryggvason, have reached an agreement on the CEO?s retirement. Discussions regarding the retirement were initiated by the CEO.

The retirement has become effective. The Board of Kvika has engaged Ármann Þorvaldsson as the bank?s CEO, effective as of August 20, 2023. Ármann previously held the position as CEO of Kvika, in the years 2017-2019 and was deputy CEO between 2019-2022.

He has decades of experience in the financial market. Ármann graduated with an MBA degree from Boston University in 1994 and has an BA degree in history from the University of Iceland.