Milan Panić

Milan Panić Милан Панић
1st Prime Minister of the Federal Republic of Yugoslavia
In office 14 July 1992 – 9 February 1993
President	Dobrica Ćosić
Preceded by	Position established
Succeeded by	Radoje Kontić
Personal details
Born	December 20, 1929 (1929-12-20) (age 81) Belgrade, Kingdom of Yugoslavia
Nationality	Serbian American
Political party	Non-party
Spouse(s)	Milena Kitić
Religion	Serbian Orthodox

Milan Panić or Milan Panic (Serbian Cyrillic: Милан Панић) (born 20 December 1929 in Belgrade in the Kingdom of Yugoslavia) is a Serbian American multimillionaire, a Newport Beach and Pasadena, California-based business tycoon. He served as Prime Minister of the Federal Republic of Yugoslavia from 1992-1993. He ran for President of Serbia in 1992 but lost to Slobodan Milošević.^[1]

He founded ICN Pharmaceuticals in the late 1950s and led it, as Chairman, CEO, and President, to annual sales exceeding $672 million (USD) in 1997.^[2] After numerous run-ins with the Securities and Exchange Commission - including six different sexual harassment suits filed by former employees - he was pressured to resign by ICN's Board of Directors. He later bought an ICN subsidiary and changed its name to MP Biomedicals, which is headquartered in Solon, Ohio. Panić has other business entities and investments in the U.S. and internationally.

Panić is married to mezzo-soprano Milena Kitić, herself a native of Belgrade.

References

1. ^ http://www.iht.com/articles/1999/03/02/edanna.2.t.php
2. ^ http://milanpanic.com/legacy.htm

Preceded by Aleksandar Mitrović Acting Prime Minister of Yugoslavia

Prime Minister of the Federal Republic of Yugoslavia 1992–1993

Succeeded by Radoje Kontić

Persondata
Name	Panic, Milan
Alternative names
Short description
Date of birth	20 December 1929
Place of birth	Belgrade, Kingdom of Yugoslavia
Date of death
Place of death