Paul Deneve has been appointed as the new CEO of Yves Saint Laurent, starting the role next month.

He will succeed Valérie Hermann who is leaving after six years.

François-Henri Pinault, chairman and chief executive officer of YSL owner PPR Group, said: Deneve's "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."

Deneve began his career with Exxon EMEA in 1985, then with Apple Europe in 1990. He joined Courrèges 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.