Announcement from the Board of Directors of Stodir
With this decision, the Board of Directors of Stodir is not taking a stand in regard to the lawsuit in question. However, it is the opinion of the Board that Sigurdsson is not able to continue as CEO of Stodir while this matter has not been concluded. Julius Thorfinnsson has been appointed CEO of Stodir.
The Board wants to thank Jon Sigurdsson for his valuable contribution in the restructuring of Stodir last year and believes Sigurdsson deserves credit for his work during the last year, where the value of the Stodir´s assets has increased significantly.
On behalf of the Board of Directors,