Ólafur F. Magnússon
(born August 3
) was the mayor of Reykjavík
from January 24, 2008 to August 21, 2008. He was originally expected to step down in March 2009, when a representative from the Independence Party was to assume the office of the mayor, as agreed upon in the coalition agreement between Ólafur and the Independence Party. According to that same agreement Ólafur would at the same time become the chairman of the executive committee of the City Council of Reykjavík.
However, in August 2008, the coalition between Ólafur and the Independence Party broke down. On August 21, Hanna Birna Kristjánsdóttir succeeded Ólafur as mayor.