Long-serving Eimskip CEO Gylfi Sigfusson is leaving his post at the end of this month.
The company said he will head to the US to run Eimskip there and in Canada, as well as Eimskip Logistics, of which he was the managing director before taking the top job at the group in 2008.
Chairman Baldvin Porsteinsson said: “Gylfi Sigfusson has had a successful career at Eimskip for over 28 years.
"He became the CEO in May 2008 and lead the company through a demanding restructuring."
The reorganisation of the company after the last financial crash secured unrestricted transport to and from the country, he said.
Porsteinsson added: "The restructuring was a success and the company is in a very strong position. The goal is to continue to build the company on the solid foundation Gylfi has built."
Sigfusson said: “First and foremost I would like to thank all the board members, managing directors and employees as well as our customers that I was fortunate enough to work with during my time as CEO.
"All of them made valuable contribution to get Eimskip back on track. The reorganisation of the company was a big challenge for the employees but the results were fruitful and now the company is heading into exciting future.
"I will lead further progression of the company in North America, but our weekly sailing system is the cornerstone of the service."
