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Hörður Arnarson, CEO of Landsvirkjun, has a PhD in Electrical Engineering from DTU in Denmark. Hörður graduated in electrical engineering from the University of Iceland in 1986, then continued his studies at DTU and graduated with a doctoral degree in 1990.

Hörður began working at food-processing experts Marel in 1985, and was CEO there for ten years, from 1999 to 2009.

In 2009, from May to November, Hörður was CEO at the insurance company Sjóvá and led its financial restructuring.