Össur’s core values ensure successful cooperation and partnerships, and are the foundation for our strategy and success.

Corporate Strategy


Össur’s vision is to be the leading company in non-invasive orthopaedics. Össur’s business is improving people’s mobility through innovative technologies within the fields of bracing and supports and prosthetics. Össur will continue to generate value for individuals and healthcare systems by focusing our business strategy on innovation, efficiency and growth.

Main Focus Areas

Innovation

Innovation

Execute Ideas that add Value

We embrace innovation in all our actions by creating value for our customers. We will be at the forefront of indication-related innovation to ensure our consistently strong position in the market.

Efficiency

Efficiency

Conduct Business Efficiently

We strive to increase efficiency and drive continuous improvement. We run efficient operations in the most optimal locations, hire passionate employees and deliver strong profit and cash flow.

Growth

Growth

Maintain Sustainable Growth

We will achieve growth by successfully commercializing our innovation through our local go-to-market strategy and commitment to our customers’ needs. We will further develop our business and leverage untapped market opportunities.

Values


Össur’s core values ensure successful cooperation and partnerships, and are the foundation for our strategy and success.

Össur’s core values

Honesty

Stay True

We show respect by adhering to facts and data fulfilling promises and claims and admitting failures. We nurture honest communication throughout the Company by sharing information and respecting our employees’ time and workload.

Frugality

Make Every Step Count

We use resources wisely. The Company aims to minimize costs across all areas of its business through effective communication, preparedness, planning and optimized processes.

Courage

Aim Higher

We are open to change and constantly strive for improvement. We challenge unwritten rules, show initiative and take calculated risks, while at the same time taking responsibility for our ideas, decisions and actions.

Our People


At Össur we nurture a spirit of innovation; we offer an open and vibrant environment where each employee can achieve his or her full potential. We live by a set of values that are the foundation for our strategy and success. Our core values are Honesty, Frugality and Courage; and these values guide our decisions. We strive to live these values every day in everything that we do—in our interactions with colleagues and customers, and in our work efforts.

We have over 2800 employees working in over 20 countries. While we are a diverse company, we work as one to improve people’s mobility. Different ideas and points of view are beneficial to our business, and we believe in creating an environment where diversity, knowledge, skills and strengths are fully utilized. As individuals, our employees can expect equal treatment and equal opportunities for growth within Össur. Our employees take responsibility, both for their current job and for their career advancement. We offer various learning opportunities so they can build lasting careers with us.

We measure our employees’ motivation once a year and we are proud that our employee satisfaction and motivation is high. While we work hard, we also have fun. Our employees’ passion, drive and capabilities to help our customers are our greatest assets.

Össur recruits competent and ambitious individuals that are capable of working on demanding projects, and we are proud that we’ve been able to provide advancement opportunities and rewarding careers for our talented employees. Our hiring decisions are based on a potential employee’s skills and abilities. If you are interested in joining our team you can view and apply for an open position on our applicant portal.

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Executive Committee


Jón Sigurðsson

Össur President and Chief Executive Officer

Jón Sigurðsson

Össur President and Chief Executive Officer


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Jón Sigurðsson

Össur President and Chief Executive Officer


Össur President and Chief Executive Officer since 1996. Born 1956. Resides in the United States. Mr. Sigurdsson is a board member of Vitrolife AB and chairman of the Icelandic American Chamber of Commerce. He was the Commercial Counselor for the Icelandic Trade Council in New York City (1992-1996), Chief Financial Officer at Álafoss (1989-1991), Head of the International Division of Eimskip (1986-1989) and an Engineer for Bang and Olufsen Denmark (1982- 1984). He has a Bachelor’s degree in Industrial Engineering from Odense Technical College in Denmark and a M.B.A. in Business Administration from the United States International University in San Diego. He has no interest links with the Company’s main clients, competitors or major shareholders.

Jón’s experience as a member of the Board of Directors in other companies/organizations includes:

  • Vitrolife AB since 2015
  • The Icelandic American Chamber of Commerce since 2012
  • Rio Tinto Alcan Iceland 2003-2015
  • The Icelandic Chamber of Commerce 2002-2012
  • Reykjavik University from 2002-2009
  • Samherji hf. from 2002-2006
  • The Icelandic Trade Council from 1997-2003
  • Research Liaison Office of the University of Iceland from 1996-2001

Mr. Sigurdsson and his related parties hold 608,708 shares in the Company.

Egill Jónsson

EVP of Manufacturing and Operations

Egill Jónsson

EVP of Manufacturing and Operations


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Egill Jónsson

EVP of Manufacturing and Operations


EVP of Manufacturing and Operations. Born in 1957. Resides in Iceland. Egill Jonsson has been with Össur since 1996, and led the division from that period. He was formerly a Project Manager at VGK hf, an Engineering firm in Reykjavik (1985-1996). Mr. Jonsson holds a M.S. degree in Mechanical Engineering from the Technical University in Copenhagen, DTU (1984). Egill Jonsson has been a member of the board of directors of the Federation of Icelandic Industries since 2016. He and his related parties hold 822,749 shares in the Company.

Jos Van Poorten

Managing Director of EMEA

Jos Van Poorten

Managing Director of EMEA


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Jos Van Poorten

Managing Director of EMEA


Managing Director of EMEA. Born in 1964. Resides in the Netherlands. Jos Van Poorten has been with Össur since 2002, formerly as the CFO in EMEA. He holds a Bachelor’s degree in Economics and a Master’s degree in Controlling from the University of Maastricht in Holland. He holds 4,768 shares in the Company.

Margrét Lára Friðriksdóttir

EVP of Human Resources and Corporate Strategy

Margrét Lára Friðriksdóttir

EVP of Human Resources and Corporate Strategy


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Margrét Lára Friðriksdóttir

EVP of Human Resources and Corporate Strategy


EVP HR and Corporate Strategy. Born in 1978. Resides in the United States. Margret L. Fridriksdottir has been with Össur since 2000 in various roles. She has a Bachelor’s degree in Business Administration and a Master’s in Management and Strategy from the University of Iceland. She holds 14,100 shares in the Company.

Ólafur Gylfason

EVP of Sales & Marketing

Ólafur Gylfason

EVP of Sales & Marketing


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Ólafur Gylfason

EVP of Sales & Marketing


EVP of Sales & Marketing. Born 1969. Olafur Gylfason has been with Össur since 1997. From 2001-2013, Mr. Gylfason served as the Managing Director of EMEA. Prior to this he worked in emerging markets. He holds a degree in Business Administration from Bifrost School of Business. He continued his studies at Alborg University in Denmark, graduating with a Master’s degree in International Business Economics in 1997. He holds 9,517 shares in the Company.

Sveinn Sölvason

Chief Financial Officer

Sveinn Sölvason

Chief Financial Officer


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Sveinn Sölvason

Chief Financial Officer


Chief Financial Officer since May 2013. Born in 1978. Resides in Iceland. Sveinn Solvason has been with Össur since 2009, previously as Director of Treasury and Corporate Development. Prior to joining Össur, he worked at Marel, Kaupthing Bank, Goldman Sachs and HSH-Nordbank. He has a Master’s degree in Finance and Accounting (Cand.Merc.FIR) from Copenhagen Business School. Mr. Solvason is a board member of the Icelandic Chamber of Commerce. He holds 25.000 shares in the Company.

Þorvaldur Ingvarsson

EVP of Research and Development

Þorvaldur Ingvarsson

EVP of Research and Development


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Þorvaldur Ingvarsson

EVP of Research and Development


EVP of R&D. Born in 1960. Resides in Iceland. Dr. Ingvarsson joined Össur in 2009 as a Medical Officer. He has an M.D. from University of Iceland and a Ph.D. from the University of Lund in Sweden, with an emphasis on osteoarthritis and health economic outcomes. He has over 20 years of experience as an orthopaedic surgeon. He has been an associate professor at the University of Iceland since 2005. Prior to joining Össur, he held a medical director position, as well as a CEO position, within the hospital setting. He has published more than 40 scientific papers and is currently involved in international research projects related to osteoarthritis, ligament healing, health economics outcomes and biomechanics of prostheses. His experience as a member of the Board of Directors in other companies/organizations includes: University Hospital Akureyri (1998 - 2009) and Medor (since 2011). Dr. Ingvarsson holds 19,795 shares in the Company.

Board of Directors


Niels Jacobsen

Chairman of the Board of Directors

Niels Jacobsen

Chairman of the Board of Directors


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Niels Jacobsen

Chairman of the Board of Directors


Chairman of the Board of Directors. Born in 1957. Resides in Denmark. Niels Jacobsen has been a member of the Board since 2005 and Chairman since 2006. He is President and CEO of William Demant Holding A/S, a Danish industrial group in the hearing healthcare field. Previous positions include President of Orion A/S and Vice President overseeing corporate affairs for both Atlas Danmark A/S and Thrige-Titan A/S. Niels Jacobsen is also a board member of a number of Danish companies and organizations, including LEGO A/S (chairman), KIRKBI A/S (deputy chairman), A.P. Møller-Mærsk A/S (deputy chairman). He holds directorships in a number of wholly and partly owned companies in the William Demant Group, including Oticon A/S (chairman), William Demant Invest A/S (managing director), Sennheiser Communications A/S (board member), Jeudan A/S (deputy chairman), HIMPP A/S (chairman), HIMSA A/S (chairman) and HIMSA II A/S (board member). He also holds a seat on the central board of the Confederation of Danish Industries. Niels Jacobsen has a M.Sc. (Business Administration) from the University of Aarhus in Denmark (1983). He and his related parties hold 194,405 shares in the Company, but he holds no share options in the Company. Mr. Jacobsen is the Managing Director of William Demant Invest A/S, the Company’s largest shareholder, which holds 187,960,514 shares in the Company. He has no interest links with the Company’s main clients or competitors. Niels Jacobsen is a dependent member of the Board.

Kristján Tómas Ragnarsson

Vice Chairman of the Board of Directors

Kristján Tómas Ragnarsson

Vice Chairman of the Board of Directors


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Kristján Tómas Ragnarsson

Vice Chairman of the Board of Directors


Vice Chairman of the Board of Directors. Born in 1943. Resides in the United States. Dr. Kristjan T. Ragnarsson has been a member of the Board since 1999 and Vice Chairman since 2012. He is the Emeritus Chairman and Professor of Rehabilitation Medicine at the Icahn School of Medicine at Mount Sinai in New York, having served as the department’s chairman for 30 years. He has also served in numerous leadership positions at Mount Sinai and various national professional organizations. Dr. Ragnarsson graduated from the University of Iceland’s School of Medicine in 1969 and was certified by the American Board of Physical Medicine and Rehabilitation in 1976. He and his related parties hold 619,539 shares in the Company, but he holds no share options. Dr. Ragnarsson has no interest links with the Company’s main clients, competitors or major shareholders. Dr. Ragnarsson is a dependent member of the Board.

Arne Boye Nielsen

Member of the Board of Directors

Arne Boye Nielsen

Member of the Board of Directors


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Arne Boye Nielsen

Member of the Board of Directors


Member of the Board of Directors since 2009. Born in 1968. Resides in Denmark. Arne B. Nielsen has spent his entire career with William Demant Holding A/S in various and expanding roles throughout the world. After working as a management assistant to Niels Jacobsen and as an interim General Manager of Oticon Australia Pty Ltd., Mr. Nielsen assumed, in 1996, his current position as President of Diagnostic Instruments, which operates worldwide. Mr. Nielsen is a member of the board of Sennheiser Communications A/S and Phonic Ear A/S as well as President of Interacoustics A/S. He has a B.Sc. degree and a M.Sc. degree in Business Administration from the Copenhagen Business School in Denmark. He neither has shares nor share options in the Company. William Demant Invest A/S, the Company’s largest shareholder, nominated Arne B. Nielsen to the Board. He has no interest links with the Company’s main clients or competitors. Nielsen is a dependent member of the Board.

Guðbjörg Edda Eggertsdóttir

Member of the Board of Directors

Guðbjörg Edda Eggertsdóttir

Member of the Board of Directors


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Guðbjörg Edda Eggertsdóttir

Member of the Board of Directors


Member of the Board of directors since March 2013. Born in 1951. Resides in Iceland. Gudbjorg E. Eggertsdottir is a professional management consultant. Her previous positions include President & EVP Strategic Projects of Actavis Plc in Iceland, a global integrated specialty pharmaceutical company; Deputy CEO and EVP Third Party Sales at Actavis Group hf.; Deputy CEO, Head of R&D, Assistant Managing Director, Development Manager, Regulatory Manager and Marketing Manager at Delta hf.; and Medical Representative at Pharmaco hf. She was the President of the European Generic Medicines Association (now Medicines for Europe) from 2011-2013. Her board experience is extensive, including seats as board member of The Icelandic Opera s.e.s., Virding hf., chairman of the board of Brunnur Investment Fund and Florealis ehf., as well as Director of Orf Genetics hf., MentisCura hf., Vistor hf., Saga Medica ehf., Heilsuborg ehf., and Pretium ehf.

Gudbjorg E. Eggertsdottir has a M.Sc. (Pharm.) from Copenhagen University (1976). She and her related parties hold 26,318 shares in the Company, but she holds no share options. Gudbjorg E. Eggertsdottir has no interest links with the Company’s main clients or competitors and she is an independent member of the Board.

Svafa Grönfeldt

Member of the Board of Directors

Svafa Grönfeldt

Member of the Board of Directors


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Svafa Grönfeldt

Member of the Board of Directors


A member of the board since 2008. Born in 1965. Resides in the United States. Dr. Grönfeldt is the Chief Organizational Development Officer of Alvogen, an international generic pharmaceutical company. Previous positions include President of Reykjavik University, deputy to the CEO of Actavis Group hf., Assistant Professor of Economics and Business Administration at the University of Iceland and Managing Director and Managing Partner of IMG Gallup/ Deloitte. Dr. Grönfeldt has a Doctorate in Industrial Relations from the London School of Economics. She neither holds shares nor share options in the Company. Dr. Grönfeldt has no interest links with the Company’s main clients, competitors or major shareholders. Dr. Grönfeldt is an independent Board member.

Corporate Social Responsibility


Össur joined the UN Global Compact in 2011 and signed the UN Women’s Empowerment Principles in 2014. Össur annually publishes a progress report about key projects in the four categories set forth by the Global Compact: environmental concerns, labor practices, human rights and anti-corruption.

Össur’s values are honesty, frugality and courage. These values serve as the foundation and driving force behind Össur’s culture. They guide employees in their day-to-day activities and in their decision-making. Össur’s values encourage employees to take social, ethical and environmental stands beyond the Company’s legal obligations. In addition, these values help the Company adapt to the various cultures in which it conducts business.

Össur believes it has a responsibility towards disabled people, not only by providing high quality products that increase a person’s mobility, but also to support third party initiatives aimed at better care for the disabled. Through its actions, Össur strives to change negative perceptions about people with disabilities by promoting strong and successful spokespeople who themselves have disabilities. These spokespeople can motivate those whose own mobility has been challenged while encouraging them to play a more active role in society.

Further information

Further information about Össur’s CSR activities can be found in the 2016 progress report, available on the Company’s website: www.ossur.com/corporate/about-ossur/corporate-social-responsibility


Össur 2016 Annual Report