The Partnership

Apollo is a asset management company with a highly experienced Executive Management Team, led by Magnus Thor Jonsson who has a 30 years successful track record of investing Worldwide.

Clyde is a long-established Group Company turned Private Equity Fund Manager based in the United Kingdom, led by Jim McColl OBE who has a 35-year successful track record of investing Worldwide. Jim McColl OBE is an active partner in our business and strategies.

The principals of Apollo and Clyde have worked together on projects for 20 years.

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Gudmundur Thoroddsson

Partner

Financial & Business

  • Gudmundur has 30+ years of experience in energy & utilities. Gudmundur previously held positions such as CEO of Orkuveita Reykjavíkur, Chairman of Iceland Drilling, and Board Member of Enex and Enex China.
  • During his carrier as CEO he strongly supported new areas in geothermal development, such as very deep drilling, new drilling technologies and RD support to universities.
  • Gudmundur is among a handful of CEOs in the world who succeeded in commissioning annually 50-100 MW of new geothermal power. This unique success rate can largely be attributed to his thorough understanding of the geothermal value chain.
  • Gudmundur is currently leading geothermal projects for Saudi’s Aramco in Saudi Arabia.

Education

  • Gudmundur holds an M.Sc. degree in engineering and an MBA.