Milan Panić
| Milan Panić Милан Панић |
|
|---|---|
Milan Panić
|
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| 1st Prime Minister of the Federal Republic of Yugoslavia | |
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In office 14 July 1992 – 9 February 1993 |
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| President | Dobrica Ćosić |
| Preceded by | Position established |
| Succeeded by | Radoje Kontić |
| Personal details | |
| Born |
20 December 1929 Belgrade, Kingdom of Yugoslavia |
| Nationality | American (of Serbian Origin) |
| Political party | Democratic Party (United States) |
| Spouse(s) | Milena Kitić |
| Religion | Serbian Orthodox |
| Website | www.milanpanic.org |
Milan Panić (Serbian Cyrillic: Милан Панић, Serbian pronunciation: [mǐlan pǎːnit͡ɕ]); born 20 December 1929) is a Serbian American former Prime Minister of Yugoslavia, humanitarian, and multimillionaire businessman based in Newport Beach and Pasadena, California. He served as Prime Minister of the Federal Republic of Yugoslavia from 1992 to 1993. During and after his time as Prime Minister, he campaigned for peace and democracy in the Balkan region. He ran for President of Serbia in 1992, ultimately coming in second to Slobodan Milošević in an election marked by allegations of media and vote tampering by the ruling party. Panić became Prime Minister of Yugoslavia while an American citizen. The legality of retaining US citizenship while accepting this office has been questioned based on a Constitutional prohibition of a US citizen accepting office on behalf of a foreign nation. Panić is the first US citizen to occupy a high-level political position in a foreign country since Golda Meir.
Outside of his political and humanitarian activities, Panić built a lengthy career in the pharmaceutical and medical industries. He grew ICN Pharmaceuticals from a small operation in his garage into a global pharmaceutical corporation listed on the , with over $672 million in annual sales across 90 countries at its peak. After retiring from ICN, he spun off an ICN subsidiary and renamed it MP Biomedicals. The company is a global producer of life science and diagnostic products, with operations in North America, Asia, Australia, and Europe. In October 2015, Panić announced the pending sale of MP Biomedicals to a Chinese chemical company, Valiant Fine Chemicals Co., Ltd.
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