Date: 02/09/2007

New AMCHAM Board Members Elected

New members of the Board of Governors of the American Chamber of Commerce in Serbia were elected at the Sixth General Assembly meeting held on Thursday, February 08, 2007 in the auditorium of the Belgrade Philharmonic Orchestra.

New members of the Board of Governors of the American Chamber of Commerce in Serbia were elected at the Sixth General Assembly meeting held on Thursday, February 08, 2007 in the auditorium of the Belgrade Philharmonic Orchestra.

By the decision of the majority of voters the following nominees were elected - US Steel General Manager Douglas Matthews on the position of the First Vice-President, Altis Capital Managing Partner Marko Mićanović for the position of the Secretary Treasurer, Raiffeisen Bank Chairman Oliver Roegl on the position of the Untitled Governor. Two Untitled Governors - Ball Packaging Europe Plant Manager Anthony Barnett and Komercijalna banka Chief Executive Officer Predrag Mihajlović were re-elected on the positions. All of the candidates are elected for a two-year term.

The elected candidates will join the current members of the Board of Governors including President Eugenio Sidoli, General Manager of Philip Morris, Second Vice-President Dejan Cvetković, General Manager of Microsoft, and Untitled Governors Dragan Lazarević, Partner with Deloitte, and Vladimir Čupić, member of the Board of the Hypo Group.

Board of Governors represents the executive body of the American Chamber of Commerce, made up of nine governors with a mission to create the strategy and lead the development of the association. The Board consists of representatives from some of the largest foreign direct investors in Serbia, is representative of the leading American business community in Serbia, has a strong manufacturing identity and is complemented by the strong presence of leading representatives of the service and banking industries. According to the Statute, every year half of the Board of Governors is re-elected in order to preserve the continuance and the sustainble functioning of the organization.

Leveraging the accomplishments of five years of existence and a strong membership base, AmCham will continue intensify its activities aimed at removing any barriers to the economic development in Serbia, seeking to improve the business climate and to create additional opportunities for employment.

To achieve its goals the AmCham aims at strengthening its dialogue with the representatives of the local government and with the international community while focusing its advocacy efforts to improve regulations and to support a faster economic progress towards the EU integration.