Career
Having never been involved in politics before, but a well-known executive for some of Iceland"s largest companies, Þórólfur was considered a "mayor-for-hire" by the City Counsel - a manager of day-to-day city affairs rather than a political leader or policymaker. He resigned on 30 November 2004 after controversy regarding some of the Icelandic oil companies and their breach of the competition law, but Þórólfur once held a managerial position in one of those companies. After Þórólfur"s time as mayor he became chief executive of Icelandic Group in May 2005.