Jón Ásgeir Jóhannesson
From Wikipedia, the free encyclopedia
Jón Ásgeir Jóhannesson (born in 1968 in Reykjavík, Iceland) is the CEO of Baugur Group.
He graduated from The Commercial College of Iceland in the year 1989. The same year he, along with his father, Jóhannes Jónsson, established the retail chain Bónus, and became its Managing Director. The family's company Baugur Group later grew up to be the largest in the retail sector in Iceland.
He took over as the CEO of Baugur Group hf. in the year 1998 and focused his vision on the retail and fashion industry. He held the position of CEO until he took over as the Chairman of the Board of Baugur Group in May 2002. Mr. Jóhannesson again took over as CEO in November 2002. The company has continued to grow and flourish under the guidance of Mr. Jóhannesson and at the end of the year 2003 no other privately owned Icelandic company had larger operations abroad, in addition to being the largest in Iceland.
On 17 August 2005, he was charged by an Icelandic court in Reykjavík with 40 counts of breaking the Icelandic penal code, Accounting Act, Annual Accounts Act and Companies Act. Most of them are due to transactions between him and Baugur. The Supreme court sent most of the charges back to the Reykjavik district court in the fall of 2005 on the base of technicalities. In february 2007, the case was still underway.
