Arnar Thor Masson

Arnar Thor Masson has been on Marel's Board of Directors since 2001, was its vice-chairman from 2013-2021, and became its Chairman in 2021.

Chairman of the Board

Arnar Masson, born in 1971, is an independent advisor and board
member. Masson is currently on the Board of Directors of Síminn, the
largest telecom company in Iceland, listed on Nasdaq Iceland, where
he also serves on the Remumeration Committee. He also serves on the
Board of Directors of Íslandshótel, Iceland’s largest hotel chain. Masson
is a member of the University Council of the University of Iceland and is
a board member of Festa – Center for Sustainability in Iceland.

Masson was Chief Human Resources and Strategy Officer at Isavia, a
company that handles the operations and development of all airports
in Iceland. Prior to that, he was an alternate director at the European
Bank for Reconstruction and Development (EBRD) in London, an
investment and development bank that works primarily with private
sector clients in developing economies.

Before joining EBRD, Masson worked in the Government Offices in
Iceland, first in the Ministry of Finance and later as Director General
in the Prime Minister’s Office. From 2000 to 2008, Masson held an
adjunct lecturer position at the Department of Political Science at the
University of Iceland. Masson has experience in strategy development
and implementation, human resources, Environmental, Social and
Governance (ESG), mergers and acquisitions (M&A), political affairs and
has worked in emerging markets. He has completed executive courses
for board directors both at Harvard Business School and IMD.

Masson has no conflict of interest links with the company’s main
customers, competitors or major shareholders.