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FL appoints new CEO

Hannes Smarason, the CEO of Icelandic investment company FL Group, has resigned to be replaced by Sigurdsson, FL’s deputy chief executive officer since 2006.

Smarason will remain a director of the board and one of the leading shareholders in the group.

Sigurdsson joined FL as managing director in September 2005 and was appointed deputy CEO in December 2006. Prior to joining this he worked at Landsbanki Íslands and Kaupthing Bank.