Joel Morales, who has served as CFO of Alvotech since 2020, based in the U.S., has decided to step down to spend more time in the U.S. and prioritize time with his family.

“We are delighted to welcome Linda to the Alvotech executive team. She brings a wealth of experience to this position, with a strong record of senior leadership and financial expertise. I am confident that she will hit the ground running, supporting our continued growth and evolution,” says Robert Wessman. “I would also like to thank Joel for his valuable contribution. During his tenure we experienced an amazing transformation, as Alvotech transitioned from being privately held and R&D focused, to a public, profitable and fully integrated global commercial biosimilars company that is poised to become a leader in the industry.”

Linda Jónsdóttir

Linda held senior roles for 15 years at Marel, a global leader in food processing technology, including Director of Treasury and Investor Relations, Chief Financial Officer and Chief Operating Officer, until stepping down in 2024. She has also served on various boards, including in banking, private equity funds, and at the Icelandic Chamber of Commerce.

“It’s a great pleasure to join Alvotech, which is a unique company domestically as well as an emerging leader in its field internationally. It’s been thrilling to watch Alvotech’s rapid growth, and its prospects are equally exciting. I look forward to working with an exceptional team, building on this strong foundation and history of achievement,” says Linda Jónsdóttir.

Linda Jónsdóttir will be based in Iceland.