Chief Procurement Officer salary in Iceland

Average Yearly Salary of Chief Procurement Officer in Iceland is approximately 34,189,484 ISK (238,531 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Chief Procurement Officer do?

A Chief Procurement Officer (CPO) is a senior executive responsible for overseeing an organization's procurement processes. Their primary role is to develop and implement strategies to optimize the procurement function, ensuring the acquisition of goods and services at the best possible value and quality. The CPO collaborates with various stakeholders to establish procurement policies, identify cost-saving opportunities, and manage supplier relationships. They lead a team of procurement professionals, providing guidance and support in negotiating contracts, evaluating vendors, and monitoring procurement performance. Additionally, CPOs stay updated on market trends, technological advancements, and regulatory changes to make informed decisions and drive continuous improvement in the procurement process.

Skills: Chief Procurement Officer, CPO, Procurement Strategy, Supplier Management, Cost Optimization, Contract Negotiation, Procurement Performance
Job industry: Supply chain management

How much does Chief Procurement Officer make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Chief Procurement Officer a well paid job?

Yes, our data show that Chief Procurement Officer is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Chief Procurement Officer?

High salary for Chief Procurement Officer would be somewhere between 37,608,432 ISK and 49,574,752 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Chief Procurement Officer in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 34,189,484 ISK
Estimated Monthly Salary: 2,849,124 ISK
Estimated Weekly Salary: 657,490 ISK per week
Estimated Hourly Salary: 16,437 ISK per hour
By working as Chief Procurement Officer a person can save up to 17,149 USD per month or 205,785 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Chief Procurement Officer

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

Random salary:
Accounts payable (ap), administrator (5,456,562 ISK per year, pre-tax.)
Warehouse team leader (6,592,729 ISK per year, pre-tax.)
Director of collections management (12,798,240 ISK per year, pre-tax.)
Logging worker (10,314,447 ISK per year, pre-tax.)
Auditing director (19,241,489 ISK per year, pre-tax.)

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