Björn Þórðarson was Prime Minister

Prime Minister of Iceland

The Prime Minister of Iceland is Iceland's head of government. The prime minister is appointed formally by the President and exercises executive authority along with the cabinet subject to parliamentary support....

 of Iceland

Iceland

Iceland , described as the Republic of Iceland, is a Nordic and European island country in the North Atlantic Ocean, on the Mid-Atlantic Ridge. Iceland also refers to the main island of the country, which contains almost all the population and almost all the land area. The country has a population...

 from 16 December 1942 to 21 October 1944, in the only government that did not rely on parliamentary support. He was prime minister when Iceland became a republic. His cabinet was named the Coca-Cola rule because two of its ministers started franchises of two big American companies during the US occupation during World War II

World War II

World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...

. Vilhjálmur Þór, from the Progressive Party

Progressive Party (Iceland)

The Progressive Party is an agrarian, liberal and centrist party in Iceland. The party is a member of the Liberal International. Current chairman of the party is Sigmundur Davíð Gunnlaugsson. He was elected on January 18, 2009. His predecessor was Valgerður Sverrisdóttir, who only served as...

, took on ESSO, and Björn Ólafsson, later a member of the Alþingi, founded Vífilfell, the company that sells Coca Cola in Iceland.