Skúli Mogensen Explained

Skúli Mogensen
Birth Date:18 September 1968
Birth Place:Reykjavík, Iceland
Nationality:Icelandic

Skúli Mogensen (born 18 September 1968)[1] is an Icelandic investor and entrepreneur. He owns the investment firm Títan,[2] founded and owns OZ Communications,[3] and founded and was sole owner[4] and CEO of the Iceland-based budget airline WOW air,[5] which went bankrupt on 28 March 2019.

Early life and education

Skúli's mother, Anna Skúladóttir, is a former financial director for the city of Reykjavík;[6] [7] his father, Brynjólfur Mogensen, is an orthopedist and Skúli spent much of his childhood in Sweden while his father was studying there.[8] He was an exchange student in San Diego in California,[8] then studied philosophy at the University of Iceland; he co-founded his first business, OZ Communications, as a student and dropped out when the company took off.[9]

Career

Skúli served as CEO of OZ for 18 years until the company was sold to Nokia in 2008.[10] [11] He was among the founders of Scandic hf. (in 1993),[8] Íslandssími[1] and Arctic Ventures.[2] He registered Títan investment firm in Iceland in October 2009;[2] in 2011 Skúli led a buyout of MP Bank.[12]

He founded WOW air in November 2011,[13] and took over as CEO from Baldur Baldursson the following year.[14] On 28 March 2019, the day the company ceased operations,[15] he wrote a letter to employees apologising "for not taking action sooner".[16] WOW air was named Low Cost Airline of the year in 2018 by CAPA.[17]

Skúli was a board member at Securitas, MP Bank, Kvika bank, Datamarket, Redline Communications, Carbon Recycling International, Thor Datacenter and other companies.

Skúli is founder and CEO of Títan Fjárfestingarfélag which is his private investment firm with holdings primarily in the travel, tourism and leisure markets along with real estate investments.

Skúli Mogensen was named Iceland's Businessman of the Year in 2011 and 2016.Skúli Mogensen was awarded IMARKs marketing person of the year 2017 [18]

Private life

He was formerly married to Margrét Ásgeirsdóttir, a physician; they moved to Canada in 2002, while he was running OZ, and lived there until 2010.[2] They have three children and divorced in 2013.[19]

Notes and References

  1. News: Marta María Jónasdóttir . Smartland: Skúli aldrei verið flottari fimmtugur . Smartland: Skúli at 50 has never looked better. . September 18, 2018 . Icelandic. June 8, 2019 .
  2. News: Jón G. Haukson . Skúli Mogensen . Frjáls verslun . July 1, 2013 . 50–51 . Icelandic. June 8, 2019 .
  3. Web site: iPerceptions raises $3.65 Million from Skuli Mogensen & Telesystem. December 2, 2008. Techvibes. https://web.archive.org/web/20160304200446/https://techvibes.com/blog/iperceptions-raises-3.65-million-from-skuli-mogensen-telesystem. 4 March 2016. dead.
  4. Web site: Skúli gæti endað með 0 prósent hlut. 2019-03-09. Kjarninn. is. 2019-04-01.
  5. News: Josephs . Leslie . 'We have to do better.' WOW Air's CEO faces angry customers—and readies an expansion . July 28, 2018 . CNBC. June 27, 2018.
  6. Web site: Móðir Skúla í stjórn Kviku. Skúli's mother in the board of Kviku. Viðskiptablaðið. Icelandic. March 23, 2016. June 8, 2019.
  7. Web site: Mamma Skúla í stjórn Kviku. Skuli’s mom at the board of Kviki. Icelandic. Morgunblaðið. March 23, 2016. June 8, 2019.
  8. News: Lilja Katrín Gunnarsdóttir . Fimm hlutir sem þú vissir ekki um Skúla Mogensen . Five things you don't know about Skúli Mogensen . . March 28, 2019 . March 28, 2019 . Icelandic .
  9. News: How Wow Air's CEO charted his own course despite never having had a 'job'. Karl. Moore. Financial Post. September 1, 2017. June 8, 2019.
  10. News: Former Tech Exec's New Offering: $199 Flights To Europe From LAX And SFO. Helft. Miguel. Forbes. January 12, 2016. June 8, 2019.
  11. Web site: Skúli mætti með Grímu. Skúli and Gríma showed up together. Icelandic. Morgunblaðið. December 13, 2017. June 8, 2019.
  12. News: Skúli Mogensen og frú eiga tæpa 8 milljarða í hreinni eign . Skúli Mogensen and his wife have almost 8 billion in net assets . Vísir.is. July 28, 2011 . Icelandic. June 8, 2019 .
  13. News: Guttman . Amy . Meet An Icelandic Entrepreneur Disrupting Global Air Travel . July 28, 2018 . . June 29, 2018 . en.
  14. News: Skúli Mogensen nýr forstjóri WOW air . Skúli Mogensen new CEO of WOW air . . August 29, 2012 . March 28, 2019 . Icelandic .
  15. Web site: End of Operation of WOW AIR . . March 28, 2019. June 8, 2019 .
  16. News: CEO of WOW air: 'I will never forgive myself'. March 28, 2019 . Iceland Monitor . . March 29, 2019.
  17. Web site: CAPA Announces 2018 Aviation Awards for Excellence | Aero-News Network.
  18. Web site: Skúli Mogensen Markaðsmaður ársins.
  19. News: Skúli Mogensen skilinn . Skúli Mogensen divorced . . February 9, 2013. June 8, 2019.

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