Fridrik Sophusson has nearly forty years' wide-ranging experience in fiscal policy making, management and public service in Iceland. He was Managing Director of the Icelandic Management Association from 1972 - 1978 when he was elected to Parliament where he served as an MP for a period of twenty years from 1978 to 1998. During his stretch as an MP he moreover held the position of Minister of Industry and Energy 1987 - 1988 and Minister of Finance from 1991 - 1998. Mr. Sophusson was appointed the CEO of Landsvirkjun ltd., The National Power Company, in 1999 and held that position for almost 11 years, resigning in 2009. Among companies he has served as board member is Landsbanki from 1990 - 1992, Pharmaco (later Actavis), Enex - a renewable energy solution company, Samorka - the Icelandic Energy and Utilities Assciation, Nordel -Nordic Transmission System Operators, Eurelectric - Union of the European Electricity Industry, and the Icelandic Chamber of Commerce. Mr. Sophusson holds a Cand. Jur. degree in Law from the University of Iceland.