New CEO of the coldstorages operation of Eimskip in America

    VANCOUVER, Sept. 10 /CNW/ - Brent Sugden, Versacold's CEO has been
appointed CEO of the coldstorage operation of Eimskip in America following
organizational changes. Both Versacold and Atlas Cold Storage, which operate
approximately 120 coldstorages, form this division. Reynir Gislason, who has
been the CEO of Eimskip's operation in Americas since July 2006 and the CEO of
Atlas since November 2006 will continue to be the CEO of operations other than
coldstorage in America.
    Brent Sugden has vast experience in operating coldstorages and he has
been the CEO of Versacold for the last six years. Brent has managed Versacold
successfully as Versacold has grown substantially in a competitive market
    Eimskip has grown enormously in North America with acquisition in the
last year and therefore the Americas division has been parted into two
divisions. These changes will strengthen Eimskip transportation services
internationally. Eimskip operates approximately 120 coldstores and employs
approximately 8,500 people in the Americas. Additionally Eimskip has recently
started liner service on the East coast of the U.S. and Canada.
    Reynir Gislason, who was appointed the CEO of Atlas temporarily, has lead
the company through great changes and improved the operation substantially.
Now that Eimskip has acquired Versacold emphasis will be put on combining
further the operation of these two companies to gain further improvement of
the operations.
    Baldur Gudnason, CEO of Eimskip: "I'm very pleased that Brent Sugden has
decided to lead both Atlas and Versacold which will be run separately to begin
with. It's very important to assign a strong leader with vast experience as
demanding assignments await the new CEO. The shipping operation of Eimskip in
America has grown substantially and Reynir will focus on further development
of these services where his experience will add great value."

    About Eimskip

    Hf. Eimskipafelag Islands is one of the largest companies in Iceland and
is publicly listed on the Icelandic Stock Exchange. The company has over
90 years of experience in providing transportation, warehousing and logistics
services in Europe, primarily in the North Atlantic region.
    Operating with 200 locations around the world in over 30 countries with a
total of 14,500 employees, Hf. Eimskipafelag Islands has global reach. It owns
or operates 50 vessels, 180 cold-store facilities, 25 wide body cargo aircraft
and 2,000 trucks and trailers.
    Eimskip is traded on the Icelandic Stock Exchange under the symbol of

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