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Halla Tómasdóttir
b. October 11, 1968 · politician · businessperson
By The Keeper · Published
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Halla Tómasdóttir, born October 11, 1968 in Reykjavík, is an Icelandic businesswoman and politician who became President of Iceland in 2024, the second woman to hold the office. Before entering politics she co-founded the investment firm Audur Capital, led the Iceland Chamber of Commerce, and served as chief executive of the international business coalition The B Team. Her election on June 1, 2024, capped an unusual route to the presidency that ran through corporate boardrooms rather than parliament. This Halla Tómasdóttir biography traces her path from a Reykjavík childhood to Bessastadir, the presidential residence.
Early Life
Halla Tómasdóttir was born in Reykjavík on October 11, 1968, and grew up in the Icelandic capital region during a period when the country's small, fishing-dependent economy was beginning to diversify [1]. In keeping with Icelandic naming custom, Tómasdóttir is a patronymic meaning daughter of Tómas rather than a family surname, and Icelanders, including their presidents, are ordinarily addressed by first name.
A formative event of her childhood was the election of Vigdís Finnbogadóttir as President of Iceland in 1980, when Halla was eleven years old. Vigdís was the first woman in the world elected head of state in a direct national vote, and Halla has often described that moment as proof to Icelandic girls of her generation that the highest office was open to them [2]. The example mattered: more than four decades later, Halla became only the second woman to occupy the same post.
For her higher education she went abroad, a common choice for ambitious Icelanders of her cohort. She studied business at Auburn University in Alabama and later earned an MBA from the Thunderbird School of Global Management in Arizona, building the international outlook that would shape her career [1].
Business Career
Anyone asking who was Halla Tómasdóttir before the presidency finds a résumé rooted in corporate life rather than party politics. After completing her studies in the United States she worked in human resources and management roles for the American consumer companies Mars and Pepsi-Cola, gaining experience inside large multinational organizations before returning home [1].
Back in Iceland she joined the faculty of Reykjavík University, where she taught and helped develop programs for entrepreneurs and executives. In 2006 she became managing director of the Iceland Chamber of Commerce, the first woman appointed to lead the organization, a visible position at the height of Iceland's banking boom [3].
In 2007 she left the Chamber to co-found Audur Capital with Kristín Pétursdóttir, a former banking executive. The firm promoted what its founders called feminine values in finance: risk awareness, plain speaking, and long-term thinking, principles that ran against the aggressive leverage then dominating Icelandic banking [4]. When the country's three major banks collapsed in October 2008 and dragged the economy into crisis, Audur Capital survived and protected its clients' capital, an outcome that brought the founders international attention. Halla discussed the firm's approach in a widely viewed 2010 TED talk delivered with Pétursdóttir, arguing that greater balance between men and women in finance would have softened the crash [5].
The 2016 Presidential Campaign
Iceland's presidency is a largely ceremonial office, directly elected, with a role centered on national unity, constitutional safeguards, and representing the country abroad. When President Ólafur Ragnar Grímsson stepped down in 2016 after twenty years, a crowded field formed to succeed him, and Halla entered as an independent candidate without party backing [6].
She began the race polling in low single digits and was excluded from some early debates. Over the final weeks her campaign gathered momentum through direct voter contact and social media, and on election day, June 25, 2016, she finished second with roughly 28 percent of the vote, behind the historian Guðni Th. Jóhannesson [6]. The result far exceeded expectations and established her as a national political figure.
Halla later reflected publicly on the experience, including in a TED talk about women seeking high office, and chose not to contest the 2020 election, in which Guðni was re-elected by a wide margin. Rather than retreating from public life, she moved onto a global stage [5].
Leading The B Team
In 2018 Halla was named chief executive of The B Team, a nonprofit coalition of business and civil society leaders co-founded by Richard Branson and Jochen Zeitz to promote more responsible corporate practice [7]. The group's membership has included prominent executives and former heads of international organizations, and its agenda covers climate action, workplace equality, tax transparency, and accountable governance.
Running the organization placed her in regular contact with chief executives, investors, and policymakers across several continents. She spoke frequently at international forums on stakeholder capitalism and on the responsibility of business during the climate crisis, sharpening the themes of leadership and trust that would anchor her later presidential campaign [7].
She held the role for six years while remaining based partly in Iceland, and stepped away in 2024 when the Icelandic presidency again became vacant.
Election as President
Guðni Th. Jóhannesson announced in early 2024 that he would not seek a third term, opening the field for the June election. Twelve candidates qualified for the ballot, among them Katrín Jakobsdóttir, who resigned as prime minister to run, making the contest one of the most closely watched in the office's history [8].
Halla again ran as an independent, campaigning on unity, mental health, the responsible use of artificial intelligence, and Iceland's voice on climate. As in 2016, she started well behind the leaders and climbed steadily in the polls during the final month. On June 1, 2024, she won with about 34 percent of the vote, ahead of Katrín Jakobsdóttir and the academic Halla Hrund Logadóttir [8]. Iceland's single-round plurality system meant no runoff was required.
She was inaugurated on August 1, 2024, becoming the seventh President of Iceland and the second woman in the role, forty-four years after Vigdís Finnbogadóttir's groundbreaking victory [2]. Among notable Halla Tómasdóttir facts, she is the first Icelandic president to reach the office directly from an international business career. Early in her term she carried out the president's customary duties, including presiding over government formation talks after the November 2024 parliamentary election, which produced a coalition led by Kristrún Frostadóttir [9].
Personal Life
Halla is married to Björn Skúlason, and the couple have two children [1]. The family has lived both in Iceland and abroad during her international career, and since August 2024 the official presidential residence at Bessastadir, on the Álftanes peninsula near Reykjavík, has been her official seat.
She is known as a frequent public speaker in both Icelandic and English. Her TED appearances on finance and on women's political leadership have drawn millions of views, and she has continued to emphasize themes of empathy, courage, and intergenerational fairness in her presidential addresses [5].
Legacy
Assessing a sitting president is premature, but the shape of Halla Tómasdóttir's public contribution is already clear. Her career links three arenas rarely combined in one life: the survival of a values-driven investment firm through the 2008 Icelandic banking collapse, the leadership of a global coalition for responsible business, and election to her country's highest office [4][7][8].
Her two presidential campaigns, eight years apart, are studied as examples of independent, late-surging candidacies in a small democracy with a strong tradition of nonpartisan presidents. Among Halla Tómasdóttir achievements, her 2024 victory reinforced Iceland's reputation as a leader in women's political representation, a standing the country has held since Vigdís Finnbogadóttir's election in 1980 and through years of top rankings in the World Economic Forum's Global Gender Gap Index [2][10].
For readers of this Halla Tómasdóttir biography, her story also illustrates a broader shift in public life: the movement of leaders between business, civil society, and elected office, carrying arguments about trust and long-term responsibility from one sphere to the next.
Questions & Answers
- When was Halla Tómasdóttir born?
- Halla Tómasdóttir was born on October 11, 1968, in Reykjavík, Iceland. She grew up in the capital region and later studied business in the United States at Auburn University and the Thunderbird School of Global Management.
- What is Halla Tómasdóttir famous for?
- She is President of Iceland, elected on June 1, 2024 and inaugurated on August 1, 2024. She is also known for co-founding the investment firm Audur Capital, which weathered Iceland's 2008 banking collapse, and for leading the global business coalition The B Team.
- Is Halla Tómasdóttir the first female president of Iceland?
- No. She is the second woman to hold the office. Vigdís Finnbogadóttir, elected in 1980, was the first, and was also the world's first woman elected head of state in a direct national vote.
- Did Halla Tómasdóttir run for president before 2024?
- Yes. She ran as an independent in 2016 and finished second with roughly 28 percent of the vote, behind Guðni Th. Jóhannesson. She began that race polling in single digits and surged in the final weeks.
- What did Halla Tómasdóttir do before politics?
- She worked for Mars and Pepsi-Cola in the United States, taught at Reykjavík University, and became the first woman to lead the Iceland Chamber of Commerce. In 2007 she co-founded Audur Capital, and from 2018 to 2024 she was CEO of The B Team.
- Who is Halla Tómasdóttir married to?
- She is married to Björn Skúlason, and they have two children. Since her inauguration in August 2024 the family's official residence has been Bessastadir, the historic presidential seat near Reykjavík.
References
Every record in this archive is kept against verifiable sources.
- [1]Halla Tomasdottir. Encyclopaedia Britannica. Web
- [2]Halla Tomasdottir sworn in as Iceland's president. Iceland Monitor (Morgunblaðið), 2024-08-01. News
- [3]Iceland Chamber of Commerce announcements on leadership. Iceland Chamber of Commerce (Viðskiptaráð Íslands). Primary source
- [4]Icelandic women's fund bucks the trend of financial crisis. The Guardian, 2009. News
- [5]Halla Tómasdóttir, speaker profile and talks. TED. https://www.ted.com/speakers/halla_tomasdottirWeb
- [6]Gudni Johannesson wins Iceland presidential election. BBC News, 2016-06-26. News
- [7]The B Team: leadership and team pages. The B Team. https://bteam.orgWeb
- [8]Businesswoman Halla Tomasdottir wins Iceland's presidential election. Reuters, 2024-06-02. News
- [9]Office of the President of Iceland. Embætti forseta Íslands. https://www.forseti.isPrimary source
- [10]Global Gender Gap Report. World Economic Forum. https://www.weforum.org/reports/Source
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