Paul Deneve Appointed CEO of Yves Saint Laurent

François-Henri Pinault, Chairman and CEO of PPR, announced the appointment of Paul Deneve as CEO of Yves Saint Laurent, effective April 2011. Deneve will succeed Valérie Hermann, who, after six years leading the fashion house, is pursuing a new career opportunity in the United States.

Pinault welcomed Deneve to the PPR Group, highlighting his extensive career in the luxury goods sector. He expressed confidence in Deneve's entrepreneurial skills, expertise, and leadership to guide Yves Saint Laurent's future in collaboration with Creative Director Stefano Pilati. Pinault also thanked Hermann for her commitment and effective leadership since 2005, during which Yves Saint Laurent became a leading global luxury brand with strong operational and financial performance in 2010.

Deneve previously held significant roles at companies including Apple, Courrèges, Nina Ricci, and Lanvin. The 49-year-old Belgian national holds degrees from Solvay Business School, the University of Chicago, and Stanford University.

PPR is a global group of high-growth luxury and consumer brands, operating in over 120 countries. In 2010, the group generated revenue of €14.6 billion and employed approximately 60,000 people.