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 Íslenski sjávarklasinn ehf. - Iceland Ocean Cluster
Title: Founder and CEO

Name: Mr Thor Sigfusson PhD

Alternative Email: [email protected]

Cellular: +354 618 6200

Extract of Thor Sigfusson

  • Leadership, 
  • Networks
  • Strategic planning, 
  • Analysis


Experience of Thor Sigfusson

Founder: Iceland Ocean Cluster

September 2010 – Present (1 year 4 months)

Iceland Ocean Cluster is a project which facilitates networking opportunities for ocean related industries in Iceland and worldwide. Our partners consist of leaders in well established as well as cutting edge firms in ocean related industries.

Iceland Ocean Cluster role is to map the ocean related industries in Iceland, connect people and firms in ocean related fields and by that seek new opportunities across a variety of fields and regions. 

Iceland is one of the largest seafood trading nation in Europe. Icelandic ocean resources have been managed sustainably and Iceland’s fisheries sector has been first in its class worldwide. Over 70 Icelandic companies, among them some of the largest food processing tech and fishing gear firms in the world, are providing technology and knowhow to ocean related industries worldwide. Iceland has one of the largest seabed in Europe which offers various opportunities in R&D, green technology, sustainability, renewable energy etc.



June 2009 – Present (2 years 7 months)


visiting scholar

Scancor at Stanford

2010 – 2010 (less than a year)



University of Iceland

2009 – 2010 (1 year)



Sjóvá Insurance 2005-2009 (August)

December 2005 – August 2009 (3 years 9 months)


Sjóvás results in the insurance business, which was my responsibility, improved radically in the period or from combined ratio of 123 in 2005 to a combined ratio of 97 for the first six months of 2009. A yearly improvement of approximately ISK 1.6 billion (USD 12 million).

Sjóvá reached the top 20 list of employee satisfaction in Iceland in 2007, the first time.

Managing Director

Iceland Chamber of Commerce

August 2003 – December 2005 (2 years 5 months)


Deputy Managing Director

Nordic Investment Bank

January 1998 – January 2003 (5 years 1 month)


Responsibilities included analysing the Baltic states and later overseeing lending operations in Iceland.

Special advisor to Minister

Ministry of Finance

January 1994 – December 1997 (4 years)


Special focus on the modernisation of Government. Headed a task force on Reinventing Government. Board member of several government entities such as Iceland University Hospitals 1994-1996.

Education of Thor Sigfusson


Háskóli Íslands

PhD degree, Business Administration

2002 – 2011


My researc focus is on entrepreneurial networks and leadership in business internationalisation. Courses taken in Iceland, Finland and USA.

University of North Carolina at Charlotte

MS, Economics

1991 – 1993


Menntaskólinn við hamrahlíð

Gymnasium, Sociology

1979 – 1983


Handelshøjskolen i København

University of North Carolina

BA degree, economics



New ideas. Salmon fishing. Creative people. Writing. (Four books published in Icelandic on management and business internationalisation (1997-2004).. One short story pubished in english and Icelandic by the North Atlantic Salmon Fund, titled: "Brennan and Isis" (2002)).


Groups and Assoc.:

Chairman of Iceland Employers Association, 2008-2009. Board member of Iceland Chamber of Commerce, 2006-2010.

To update or add a personal profile please send an email to [email protected]      Print

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