General Manager, KLAS
He was born on 7th February 1977. He graduated from Belgrade Faculty of Economics in May 2000 (Finances, Banking and Insurance Department) and he is a certified Portfolio Manager as of April 2008.
For the last three and a half years he has been involved in active restructuring and managing of Klas/Beogradska pekarska industrija, one of the largest bread producers in Serbia.
Before that he had a long experience working for the Government as a State Secretary in Ministry of Economy and Regional Development of the Republic of Serbia and served in various position in the Privatization Agency.
As a State Secretary in the Ministry of Economy and Regional Development, he was involved in creation of Government investment policies and programs, including Strategy for industrial development and specific mitigation measures during the crisis period. His scope of responsibility enclosed improvement of Serbian business and investment environment, privatization and restructuring of the state owned companies, assessment of companies’ problems and corrective actions proposal, bankruptcy, investor relations as well as foreign economic relations, where he co-chaired the Committee for Economic Relations with Slovenia.
While working with the Privatization Agency, he was in charge of numerous privatization and restructuring projects, negotiations, development of sales strategies, companies valuations, contract structuring and monitoring, capital markets activities, management and bankruptcy of companies operating in different industries, coordination with companies’ stakeholders, management and labour unions, Government officials, financial and strategic investors, investment banks and advisory companies (m&a, legal, technical, environment experts, etc), and specifically the World Bank and IMF.
The most relevant projects he took part in are:
- Sale of a state-controlled telecommunication company Mobi 63 to Norwegian Telenor for EUR 1.5 bn.(Team Leader on behalf of the Privatization Agency).
- Designing of the privatization strategy for Petroleum Industry of Serbia (NIS) (Member of the Government Working Group) and negotiations with Russian company Gazprom Neft which took over 51% of the company’s equity (Member of the Government Team).
- Restructuring of HIP-Petrohemija (largest petrochemical complex in Serbia with 2400 employees), in charge of business consolidation processes and negotiations with creditors on the restructuring of EUR 200 m debt, which enabled continuous production, reduced costs and improved company’s operating result(Chairmen of the Management Board).
- US Cooper Tyres investment in tyre production facility in Krusevac, Serbia (Project Leader).