A renowned corporation, Icelandic Group, recently announced the stepping down of two key executives from its leadership panel. Mark Holyoake, one of the most recognized British businessmen, was one of the executives stepping down from their position at the helm of the corporation. Second in the list is Benedikt Sveinsson who once served as the Chief Executive Officer of Iceland Seafood International.
Upon the announcement of the changes in the leadership panel, the Iceland Seafood International held a shareholders’ meeting on February. This meeting was meant for discussing the future of the company as well as vote for top contenders to take up as successors for the vacant seats. Among the contenders was Magnus Bjarnason who once served as the CEO for four years at the older version of ISI Group in 2012. Jakob Valgeir Flosason, a partner and shareholder of ISI Group, also featured in the list of candidates. Liv Bergthorsdottir and Ingunn Agnes Kro, both have business relations with the corporation and were also nominated for board membership slots.
Mark Holyoake, who is now a former board member of the ISI Group, is a well-educated and young businessman with interests in the real estate industry. His company, Oakvest, a London based company, was launched with the aim of developing, purchasing and managing both commercial and residential property across the United Kingdom. He established a partnership with the ISI Group after agreeing to become a major shareholder. Until recently, he was the largest shareholder at the corporation before selling his shares to the other interested companies.
ISI also announced its new CEO, Bjarni Armannsson. Bjarni served as the Chairman of Icelandic Iberica and ISI partnership and was also known as the force behind that union. These structural changes in the corporation hope to see the continuity of a strong legacy held by the ISI Group for decades. In one of his press releases after the announcement, Holyoake stated that he hopes that the successors left behind would propel the company forward to greater success. With his vision and leadership strategy, the company is likely to achieve more even in his absence.
Learn More: www.crunchbase.com/person/mark-holyoak