The Management Board supervises the coordination of the daily operations of the University. The Management Board is composed of the Rector, Deans of Schools, and the Managing Director of the University Office.
- Eyjólfur Guðmundsson, Rector, Chair
- Eydís Kristín Sveinbjarnardóttir, Dean of School of Health Sciences
- Rannveig Björnsdóttir, Interim Dean of School of Business and Science
- Sigrún Stefánsdóttir, Dean of School of Humanities and Social Sciences
- Ólafur Halldórsson, Managing Director
- Sigrún Magnúsdóttir, Director of Quality Management
- Úlfar Hauksson, Director