Baldur Ágústsson is an Icelandic businessman, who ran for president of Iceland in 2004 and 2016. Baldur started his career as a wireless operator on board a fishing boat, and later became an air traffic controller at Reykjavík Airport. Meanwhile, he set up Iceland´s first security firm, Varði. In the early 2000s he lived in Britain where he was engaged in real estate business. He was the main challenger against incumbent Olafur Ragnar Grimsson in the 2004 Icelandic presidential election where he got 12.5% of the vote. It was only the second time a sitting president had been challenged and the first time a challenger got more than 6% of the vote.