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President of Iceland

President of Iceland
Forseti Íslands
Icelandic Presidential.svg
Coat of arms of the President of Iceland.svg
Guðni Thorlacius Jóhannesson, the President of Iceland
Incumbent
Guðni Thorlacius Jóhannesson

since 1 August 2016
Office of the President
Member of State Council of Iceland
Residence Bessastaðir
Seat Garðabær, Capital Region
Term length Four years
Renewable indefinitely as long as the incumbent wins presidential elections or is uncontested.
Constituting instrument Constitution of Iceland
Precursor King of Iceland
Formation 17 June 1944
First holder Sveinn Björnsson
Succession Collective
President of the Parliament, Prime Minister and President of the Supreme Court.
Salary 2,480,341 ISK monthly (2017)
Website english.forseti.is (English)
forseti.is (Icelandic)

The President of Iceland (Icelandic: Forseti Íslands) is Iceland's elected head of state. The incumbent is Guðni Thorlacius Jóhannesson, who is now in his first term as president, elected in 2016.

The president is elected to a four-year term by popular vote, is not term-limited, and has limited powers. The presidential residence is situated in Bessastaðir in Garðabær, near the capital city Reykjavík.

When Iceland become a republic in 1944 by the passing of a new constitution the position of King of Iceland was simply replace by President of Iceland. A transitional provision of the new constitution stipulated that the first President be elected by the Parliament.

The President appoints ministers to the Cabinet of Iceland, determines their number and division of assignments. Ministers are not able to resign and must be discharged by the President. The ministers are delegated the President's executive powers and are solely responsible for their actions.

In the aftermath of general elections, the President has the role to designate a party leader (the one that the President considers most likely to be able to form a majority coalition government) to formally start negotiations to form a government.Sveinn Björnsson and Ásgeir Ásgeirsson played highly active roles in the formation of governments, attempting to set up governments that suited their political preferences, whereas Kristján Eldjárn and Vigdís Finnbogadóttir were passive and neutral as to individuals and parties comprising the government.

The President and the Cabinet meet in the State Council. The Cabinet must inform the President of important matters of the state and drafted bills. During meetings the Cabinet may also suggest convening, adjourning or dissolving the Parliament.


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