Þorsteinn M. Jónsson
Þorsteinn M. Jónsson (born February 18, 1963 in Reykjavík, Iceland) was an affluent businessman active in Iceland but lost most of his assets when the economy collapsed in 2008. He was the Chairman of Glitnir Bank and the owner & Chairman of Coca-Cola Iceland. Coca-Cola Iceland was ten thousand million kr. in debt with Kaupthing Bank and that ended up being the figure it was sold for to Coca-Cola Spain (now Coca-Cola European Partners) which now runs it and remains one of few businesses on the island owned by external figures.
Biography
Þorsteinn earned a BA degree in Economics (Cand. Oecon) from the University of Iceland and in 1991 an MA in Economics from Northwestern University, Evanston Illinois.
Þorsteinn worked as an economist for the Central Bank of Iceland for four years, followed by two years as Chief Economist for the Federation of Icelandic Industries. In 1996, he was appointed CEO of Vífilfell hf. and in 2001 he led a buy-out of the business and currently holds a majority stake. He was elected Executive Chairman of Vífilfell Coca-Cola in 2005.
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