The University of Iceland was founded in 1911, uniting three former Icelandic schools of Theology, Medicine and Law. In addition there was a faculty of humanities. During its first year of operation 45 students were enrolled. The first Rector of the university was Bjorn M. Olsen, a professor in the faculty of humanities. The current Rector of the University of Iceland is Dr. Kristin Ingolfsdottir, the first woman to hold this position.