FranГ§ois-Henri Pinault, Chairman and CEO of PPR, announced the appointment of Paul Deneve as CEO of Yves Saint Laurent, effective April 2011. He will succeed ValГ©rie Hermann who, after six years at the helm of the Yves Saint Laurent fashion house, has chosen to seize a new career opportunity in the United States.
FranГ§ois-Henri Pinault, Chairman and Chief Executive Officer of PPR, noted: вЂњI am pleased to welcome Paul Deneve to the PPR Group. Paul has had a remarkable career in the Luxury Goods universe. His proven entrepreneurial skills, expertise and leadership qualities, as well as his determination, have convinced me that he is the right person to guide the future of the Yves Saint Laurent fashion house in close collaboration with Creative Director Stefano Pilati. I thank ValГ©rie Hermann wholeheartedly for her commitment by my side since 2005. She has done a remarkable job with unwavering enthusiasm and efficiency. Today, Yves Saint Laurent is one of the most beautiful luxury brands in the world. In 2010, it turned in an outstanding operational and financial performance. I wish ValГ©rie the fulfillment and success she deserves in her future endeavors.вЂќ
Paul Deneve began his career with Exxon EMEA in 1985, then with Apple Europe in 1990. He joined CourrГЁges as Managing Director from 1998 to 2003 before becoming President of Nina Ricci until 2005. He was Deputy CEO of Lanvin from 2006 to 2008.
Paul Deneve, 49, is a Belgian national. He is a graduate of Solvay Business School and holds a MBA from the University of Chicago and a Master of Science in Management degree from Stanford University.
PPR nurtures a group of high-growth global brands distributed in more than 120 countries. Through its Consumer and Luxury brands, PPR generated revenue of в‚¬14.6 billion in 2010, and had approximately 60,000 employees at December 31, 2010. The PPR share is listed on Euronext Paris (FR 0000121485, PRTP.PA, PPFP).
PPR Luxury Business Group (Gucci, Bottega Veneta, Yves Saint Laurent, Balenciaga, Boucheron, Sergio Rossi, Alexander McQueen and Stella McCartney), Puma, Fnac and Redcats (La Redoute, Vertbaudet, Somewhere, Cyrillus, Daxon, Ellos, The Sportsman's Guide, The Golf Warehouse and Large size division brands).