2024-01-15

EP Power Minerals appoints Managing Director in Iceland

Mr. Ragnar Gudmundsson is joining EP Power Minerals in the new role of Managing Director of EP Power Minerals Iceland  ehf.

With the goal of decarbonizing the cement industry and supplying the construction materials industry with environmentally friendly raw materials, EP Power Minerals has secured access to natural pozzolan in Iceland that could make an important contribution to shaping the cement and concrete production of the future.

Ragnar Gudmundsson holds an MBA degree from McGill University in Canada, and Cand Oecon. degree from U. of Iceland. From the beginning of construction in 1997 until 2007 he was CFO of Nordural Aluminium smelter in Iceland and from 2007-2019 he served as the company’s Managing Director. His experience also includes senior positions in shipping and fisheries. Ragnar has been a board member and consultant to several national industry associations and privately held companies in Iceland and abroad.

Commenting on the appointment, Mr. Andreas Hugot, Managing Director of EP Power Minerals GmbH said: 

"We welcome Ragnar to the team as leader of our Iceland operation. His long term experience as CFO and Managing Director developing large industrial companies, together with experience in logistics, will be invaluable in developing sustainable export of pozzolan from Iceland in harmony with Icelandic community."

I am very pleased to join the team at EP Power Minerals. I look forward to working alongside my colleagues, customers, and wider stakeholders in my new role, bringing to reality the use of natural pozzolan, which has the potential of reducing CO2 emission in Europe by millions of tons. Iceland is in the forefront of utilisation of clean energy for both its people and energy intensive industries, and natural pozzolan can significantly further this contribution. I will work closely with the local community in developing solutions to logistics and operation in harmony and respect for Iceland’s precious nature and people.
Ragnar Gudmundsson
Managing Director of EP Power Minerals Iceland ehf. stated
Ragnar Gudmundsson