Icelandair Group has announced its interim president and CEO, Bogi Nils Bogason, will assume the role permanently, days after the airline pulled out of a transaction to acquire LCC rival WOW Air.
Bogason has been at the carrier’s helm on an interim basis since August 2018, following the resignation of former CEO Björgólfur Jóhannsson. Bogason previously served as Icelandair Group’s CFO, a role he assumed in October 2008. Before that he held CFO positions at Askar Capital and Icelandic Group.
Icelandair Group said that after conducting a global search for a successor to Johannsson, it concluded that Bogason was “the most qualified person for the job” because he “knows the company, has a clear vision and is well-suited to lead it through new times”.
Bogason described the road ahead as “exciting and challenging”, but said the group had “strong pillars that we will build on to forge ahead to success”.
Icelandair Group signed a purchase agreement in November to acquire Icelandic budget operator WOW Air. However, the company announced Nov. 29 it was cancelling the acquisition because conditions in the share purchase agreement had not been met…