The First cabinet of Davíð Oddsson in Iceland was formed 30 April 1991.[1]
Guðmundur Árni Stefánsson replaced Sighvatur Kristinn Björgvinsson as Minister of Health and Social Security. Össur Skarphéðinsson replaced Eiður Svanberg Guðnason as Minister for the Environment. Sighvatur Kristinn Björgvinsson replaced Jón Sigurðsson as Minister of Commerce and Minister of Industry.
Guðmundur Árni Stefánsson replaced Jóhanna Sigurðardóttir as Minister of Social Affairs. Sighvatur Kristinn Björgvinsson replaced Guðmundur Árni Stefánsson as Minister of Health and Social Security.
Rannveig Guðmundsdóttir replaced Guðmundur Árni Stefánsson as Minister of Social Affairs.