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New CEO for Securstore

14 May 2008

Securstore, the online, automated and managed data backup and recovery specialists, today announced it has strengthened its shareholder base and management team with the appointment of Orn Gunnarsson as CEO and Bjarni Armannsson as non-Executive Chairman

Gunnarsson joins SecurStore from Saga Capital Investment Bank where he was managing director, prior to that he was Head of Corporate Finance at Glitnir financial institution.  Armannsson has also led a distinguished career in the financial services industry, he was previously CEO of several companies including Glitnir financial group, Kaupthing Bank and FBA the Icelandic Investment Bank.

Both have acquired a 25% stake in SecurStore and will be based at the company's Icelandic operation and will help spearhead the company's ambitious growth plan.

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