Telenor Serbia CEO becomes President of the Foreign Investors Council

Belgrade, Dec. 9, 2009 – Kjell-Morten Johnsen, CEO of Telenor Serbia, was elected President of the Board of Directors of the Foreign Investors Council at the regular annual meeting of the General Assembly held today.

Goran Pitić, President of the Managing Board of Societe Generale Bank Serbia, will hold the position of vice president.

Johnsen went to Serbia after a long career in the top ranking management echelons of Telenor. He was Senior Vice-President of Telenor for Central and Eastern Europe and Vice-President of Telenor network in charge of Telenor fixed telephony activities in Russia and Commonwealth of Independent States (CIS).

The members of the Board of Directors include General Manager of British American Tobacco East Balkans Kristian Kornerup Jensen, CEO of Carlsberg Serbia Aleksandar Radosavljević, CEO of Mercedes Benz SCG Andreas Binder, President of Henkel Serbia Nenad Vuković, General Manager of Lafarge bfc Costin Borc, General Manager of PepsiCo International for Western Balkans Vassilis Glinos, and Deputy Managing Director of Politika Newspapers&Маgazines Werner Herics.

The newly elected president presented the team that will lead the FIC for the next two years and pointed out that it will continue to advocate for the continuation of reforms, formulation of a comprehensive economic policy, more efficient administration, and a level playing field for all players. 
Also, heads of the FIC committees presented their work and achievements in the current year, revealing the plans and strategies for 2010.

FIC General Assembly adopted the Annual Report for 2009, endorsed the new FIC Statute compliant with the Law on Associations, and took a decision to modify the membership fees to enable expansion of the Executive Office.

About FIC:

The Foreign Investors Council was established in 2002 with the support of OECD and gathers over 120 companies, which have invested over $ 14 billion and employ more than 60.000 people in Serbia.

The FIC has since its formation  been building a partnership with the Government of Serbia, always striving to use the extensive experience of its member companies to provide adequate support to the Government of Serbia in the process of transition of the economy, as well as the society at large.