Icelandair Group hf. announced its business activities will be divided into two segments: international flight operations and equity investments. The company's structure has been revised.

The result of the changes is that the operation and business activities of Icelandair Group and Icelandair are now integrated under the leadership of a single executive director, and the financial divisions of the companies have been merged. In addition, IGS and Icelandair Cargo will form a part of Icelandair following the restructuring. The international flight operations will be divided into five divisions: Finance, Business Development and Strategy, Human Resources, Operations and Sales and Marketing.

With this changes the company announced that Chief Financial Officer will be Bogi Nils Bogason. He has served as Icelandair Group's Chief Financial Officer since October 2008 and is already a member of the Company's Executive Committee, Chief Human Resources Officer will be Elísabet Helgadóttir, who joins Icelandair Group from Íslandsbanki, where she has served as head of career development, Chief Operations Officer will be Jens Þórdarson. He has served as managing director of Icelandair's Technical Division in recent years, Chief Business Development and Strategy Officer will be Birna Ósk Einarsdóttir, who joins the Company from Landsvirkjun, where she has served as Executive Vice-President of Marketing and Business Development, and Gudmundur Óskarsson will be Chief Commercial Officer.

He has been Senior Vice President of Sales and Marketing at Icelandair since last spring. The Chief Officers of the five divisions will form the Company's Executive Committee. Birna Ósk Einarsdóttir has served as Executive Vice-President of Marketing and Business Development for Landsvirkjun.

She worked as an executive for the IT company Síminn from 2011, most recently as head of sales and services. Elísabet Helgadóttir has worked in human resource management at Íslandsbanki since 2007 and as head of career development for the past five years. Gudmundur Óskarsson has worked as SVP of Icelandair's Sales and Marketing division since March of last year.

He joined Icelandair from Air Iceland, where he had been in charge of marketing and sales since 2016. Gunnar Már Sigurfinnsson was appointed Managing Director of Icelandair Cargo in May 2008. Before that time he was SVP of Sales and Marketing at Icelandair from 2005.

From 2011 until 2015 Jens Bjarnason was Director of Operations for the International Air Transport Association, IATA, in Montreal, Canada. Jens Thórdarson has served as VP Technical Operations since October 2011. He has worked at the company since 2006, first as an assitant to Managing Director at ITS, an Icelandair subsidiary.