About Us

The only business association that gathers Financial Directors in Republic of Serbia

CFO Association of Serbia (CFOAS) is the only business association that gathers Financial Directors in Republic of Serbia. The association was founded in 2014 in Belgrade, with the aim of connecting financial directors, encouraging their professional development and strengthening their operations in Republic of Serbia.

CFOAS  members manage finances in companies that generate € 5 billion of revenue and employ 46,000 people.

The President of CFOAS is Milan Bukumirovic, Global Supply Chain Controlling Director, Swarovski Switzerland, and members of CFOAS are financial directors of companies such as: Ikea, Philip Morris International, Ringier Axel Springer, LIDL, Carlsberg, Swarovski, Adecco, Porsche SCG, Volvo, DHL Global Forwarding, Novo Nordisk Pharma, Henkel Srbija, Strauss Adriatic, Asseco SEE , Luxury Tannery, Publicis One, OTP Banka, NIS group, Crowne Plaza, Halkbank, Milšped, Delta DMD, Unisol Group, P.S. Fashion Design, NORMA Grupa Jugoistočna Evropa, Hutchinson, Atlantic brands, Telenor banka, DEVTECH, Aliplast aluminium systems, Vip mobile, CBS International (deo Cushman & Wakefield grupe) Mercator S, Bambi, Nectar Group, Nelt, Knjaz Miloš Natura, , Karin Komerc MD, Avala ada, Hauzmajstor, Kappastar Group, Koteks Viscofan etc.

Managing board

Milan Bukumirović

Managing Director Business Services UK, Ireland & Nordics SWAROVSKI

Mina Janjić

F&A Director, Intermed Solutions

Violeta Kovačević

CEO, Mercator S

Our Values

In addition to regular monthly meetings, members take part in many relevant events in the field of finance in Serbia, region and Europe To fulfill its aims, CFOAS also:

  • publishes articles on issues related to economic and financial field
  • cooperates with the Tax Administration, Ministry of Finance, Foreign Exchange Inspectorate, Chambers of Commerce and other institutions and organizations related to economic – financial field
  • exchanges best practices and develops expertise in financial and economic field continuously invests in networking
MISSION | We improve corporate finance
VISION | Through the power of the profession we create a better business environment






What our members say about us

Our members shared their experiences and explained why CFO is the association that brings together the largest number of financial directors of the most important companies in the Republic of Serbia.

Regular monthly meetings that are always organized with a new current topic and speakers who share their direct experiences from the practice of companies, provide us unique value.
Aleksandar Cicmil
CFO Promont Group
The real strength of the Association is that you can directly compare your daily work experiences with hundreds of colleagues from other companies not only in Serbia, but also in the world through the FP&A Board.
Ana Mladenov
Head Of Finance Avala Ada d.o.o.
It is valuable that the Association very openly promotes and enables for young colleagues, side by side with experienced mentors, to progress faster in their careers, and thus the entire industry gains in quality.
Ivana Kappenmann
CFO Tehnomanija
It is very important to maintain constant communication between colleagues. The market is very dynamic, changes are constant, and we need a collective experience to overcome the challenges of modern business.
Milan Kojić
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