Ólafur Ragnar Grímsson (born 14 May 1943) is the fifth and current President of Iceland. He has served as President since 1996; he was re-elected unopposed in 2000, he was re-elected for a third term in 2004, and was automatically re-elected for a fourth term in 2008.
As member of the Althing, Ólafur was among the most controversial politicians in Iceland. Originally elected as President from a field of four candidates with 42% of the total votes, Ólafur has from the outset been a controversial figure in the office of President, an office that has mainly ceremonial functions meant to symbolise national unity and bears no responsibility for government affairs.
He is the first president to use the authorization given in the 26th article of the Icelandic constitution to veto a law from Alþingi, in which case the law in question would be put to a national referendum. He did that on June 2, 2004 to a law about the mass media. His decision remains controversial with politicians and legal scholars alike. Some consider the veto as "an attack" on Alþingi and parliamentary sovereignty and lawyers debate whether article 26 is actually valid. No national referendum was ever held about the controversial media law as the government withdrew the law before a referendum could be held.
In the 2004 presidential election, Ólafur was re-elected with 67.5% of the votes cast (down from over 95% in the only other time an incumbent has been contested), but that election also saw a record number of empty ballots (21.2%) and an exceptionally low turnout of 63% (usually 80-90%), both of which have been interpreted as dissent with the president's decision to not sign the media law. Since then, the issue of a constitutional amendment to revoke the veto power of the president has been raised by the Independence Party. Some have also wanted to rest that power with the people themselves, who could then force referendums to be held on laws by – for instance – collecting a certain number of signatures.
On 1 January 2008, in his new year's address, Ólafur announced his intention to seek a fourth term in office later in 2008. Because there was no challenger, he was automatically re-elected and sworn in for another term on 1 August 2008.
Ólafur's second marriage was to Israeli-born Dorrit Moussaieff, to whom he became engaged in May 2000. The wedding took place on his 60th birthday, 14 May 2003, in a private ceremony held at the presidential residence.