Friðrik Sophusson
Encyclopedia
Friðrik Sophusson is an Iceland
Iceland
Iceland , described as the Republic of Iceland, is a Nordic and European island country in the North Atlantic Ocean, on the Mid-Atlantic Ridge. Iceland also refers to the main island of the country, which contains almost all the population and almost all the land area. The country has a population...

ic politician and company director. He was the former director of Icelandic state-run energy firm Landsvirkjun
Landsvirkjun
Landsvirkjun is the largest energy producer in Iceland. It was founded in 1965 by the city of Reykjavík and the state of Iceland. Its general purpose is to produce and provide electricity for heavy industry and to sell electricity to local providers around Iceland...

.

Career

Friðrik graduated from the University of Iceland
University of Iceland
The University of Iceland is a public research university in Reykjavík, Iceland, and the country's oldest and largest institution of higher education. Founded in 1911, it has grown steadily from a small civil servants' school to a modern comprehensive university, providing instruction for about...

 in 1972, as a lawyer and was Managing Director of Management Association of Iceland between 1972 to 1978 when he took a seat in Parliament. was Minister of Industry and Commerce from 8 July until 28 December 1987 and Minister of Finance from 30 April 1991 until 16 April 1998. From 1998 until 2009 he was the director of Landsvirkjun
Landsvirkjun
Landsvirkjun is the largest energy producer in Iceland. It was founded in 1965 by the city of Reykjavík and the state of Iceland. Its general purpose is to produce and provide electricity for heavy industry and to sell electricity to local providers around Iceland...

. In 2010 he was announced as the chairman of the board of directors of Íslandsbanki
Íslandsbanki
Íslandsbanki is an Icelandic bank.-First Íslandsbanki:Íslandsbanki was originally created in 1990 through the merger of Alþýðubanki , Verzlunarbanki and Iðnaðarbanki...

, one of the three major Icelandic banks.

Other activities

In his political career he has been a member of various committees and boards, e.g. the central committee of the conservative Independence Party
Independence Party (Iceland)
The Independence Party is a centre-right political party in Iceland. Liberal conservative and Eurosceptic, it is the second-largest party in the Althing, with sixteen seats. The chairman of the party is Bjarni Benediktsson and vice chairman is Ólöf Nordal....

. As director of Iceland's state-run energy firm Landsvirkjun
Landsvirkjun
Landsvirkjun is the largest energy producer in Iceland. It was founded in 1965 by the city of Reykjavík and the state of Iceland. Its general purpose is to produce and provide electricity for heavy industry and to sell electricity to local providers around Iceland...

, Friðrik has been among the most active proponents of the controversial hydro-electric dam at Kárahnjúkar in eastern Iceland.
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