The president of Iceland was the entrepreneur Hall Thomasadottir

Entrepreneur Khalla Thomasdottir was elected to the post of President of Iceland, defeating the former prime minister of the country, Katrin Jacobsdottir, Reuters reports .

Thomasdottir received 34% of the vote, while Jacobsdottir gained 25%. Thomasdottir is known as a successful business leader and co-founder of the financial company Audur Capital, which is engaged in the introduction of social responsibility and the female prospect in the investment market. Previously, she headed the Chamber of Commerce of Iceland.

The President of Iceland performs mainly ceremonial functions and plays an important role in the unification of the nation and representing the country in the international arena.

Thomasdottir will take office on August 1. She expressed gratitude to voters and promised to work on strengthening national unity and promoting the interests of Iceland in the world.

Since the beginning of the year, the eruptions of the Sundhnukagigar volcano have been continuing in the country.