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Iceland elected Gudni Johannesson as their first new president in 20 years, amidst distrust of politicians and business leaders after the 2008 global financial crisis and the Panama papers scandal.

The country voting were counted on that 39 % of Icelanders voted for Johannesson as president. Contenders included a former prime minister and central bank governor.

Johannesson who is a lecturer at the University of Iceland who has said he has never been a member of a political party, will take oath on Aug. 1.

He will replace President Olafur Ragnar Grimsson who has served as Iceland’s president since 1996.

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