The President of Serbia and Montenegro and the chairman of Council of Ministers of Serbia and Montenegro is elected at the proposal of the President and Vice President of the Parliament of Serbia and Montenegro for a four year term.

The current president is Svetozar Marović of Democratic Party of Socialists of Montenegro. He is the first president of new state union inaugurated on March 7 2003.

The President's incumbencies are:

• to represent country at home and abroad
• to chair the Council of Ministers
• to proposes the composition of the Council of Ministers to the parliament
• to appoint and recall heads of diplomatic and consular missions
• to receive letters of credence and recall from foreign diplomatic representatives
• to confer medals and other decorations
• to promulgates laws passed by the Assembly of Serbia and Montenegro
• to call for elections for the Assembly of Serbia and Montenegro

The President of Serbia and Montenegro is a member of the Supreme Defence Council together with President of Serbia and President of Montenegro.