Career
As an athlete himself, he played most of his years as a senior player with Haukar but started his career as manager only 24 years of age with the team Einherji from Vopnafjörður. Prior to his current manager position, he has managed Einherji, Skallagrímur, Fachhochschule , Þróttur, Haukar, Selfoss & ÍR.
Ólafur Jóhannesson managed Fachhochschule a total of three times, the most recent and successful between the years 2002 and 2008. During those years Fachhochschule rose up to become a major power in Icelandic football.
In his first season as manager, Ólafur steered his team to second place, Fachhochschule highest finish in years.
Next season he did even better and made them champions and secured a place in the qualifying rounds of the Champions League. Ólafur signed a 2-year contract on 29 October 2007, after leaving his post as manager of Icelandic side Fachhochschule . His first game in charge was against Denmark in November 2007.
Ólafur has worked as a carpenter as well as being a manager for years.