Icelandair Group hf. : Changes in organizational structure

The Icelandair Group is taking significant steps to align the company’s organizational structure to execute its ambitious strategy of sustainable growth, digital transformation and a focus on customer experience.

Business responsibilities are divided into two divisions to better focus

The commercial division will be divided into customer- and revenue-oriented divisions. The creation of the Customers division will foster a strong customer focus throughout the organization and continue to strengthen the Icelandair brand. The Revenue Division will combine the company’s network, revenue management and revenue-driven sales functions into a single division with the aim of realizing Icelandair’s full revenue potential. Each division will be headed by a member of the Executive Committee (Chief Customer Officer and Chief Revenue Officer).

Digital transformation a priority

Additionally, a Digital & Data division will enable the digital and data journey of the Icelandair Group from a central position within the business, led by a Chief Digital Officer. The division will support business units in their quest to develop simple and enjoyable travel for Icelandair customers and enable data-driven decision-making across the company.

A clear focus on sustainability and business strategy

Sustainability is at the heart of Icelandair’s long-term strategy and will be further strengthened and positioned within the CEO’s office along with the strategy. The Managing Directors of Icelandair Cargo and Loftleidir-Icelandic continue to represent the subsidiaries on the Company’s Executive Committee. Their operations continue to be essential to complement the company’s core business of aviation, seizing opportunities in the international air cargo and charter markets, and reducing seasonal fluctuations within Icelandair Group operations. .

Tomas Ingason appointed Chief Revenue Officer

Tomas Ingason has been appointed Chief Revenue Officer of Icelandair Group. Tomas has been the company’s Chief Information Officer/Business Development Director since joining Icelandair in 2019. He was Chief Commercial Officer of WOW air from 2018 to 2019 and Director of Rapid Digitization at Arion Bank from 2016 to 2018 Tomas served as Director of Business Development at WOW air in 2014. Previously, he was a management consultant at Bain & Company in Copenhagen and was Director of Revenue Management and Pricing at Icelandair for several years. Tomas holds an MBA from MIT Sloan School of Management in Boston, MSc. Engineering degree in logistics and supply chain management, and a BSc. Graduated in Industrial Engineering from the University of Iceland.
Recruitment for the positions of Chief Customer Officer and Chief Digital Officer will be launched immediately.

Bogi Nils Bogason, President and CEO:

“We live in a changed world as we continue on the path to recovery from the global pandemic and where the importance of ensuring a sustainable future is paramount. With a clear vision and strategy supported by a focused organizational structure, Icelandair is well equipped to adapt to this new reality. We aim to drive performance by delivering sustainable growth, continuing to maintain an agile and sustainable network, ensuring excellence in all our operations and digital transformation – all through a strong corporate culture that places the customer at the center and emphasizing our contribution to economic, social and environmental sustainability.

Contact information:

Investors: Iris Hulda Thorisdottir, Investor Relations Director. Email: iris@icelandairgroup.is
Media: Asdis Petursdottir, Director of Communications. Email: asdis@icelandair.is