Apple hires Yves Saint Laurent CEO to head special projects

Smart watches, content for a TV and a new line of more luxurious products could be on Paul Deneve's plate

Apple has hired Paul Deneve, until Tuesday the CEO of French luxury brand Yves Saint Laurent, to work as its vice president for special projects, igniting fresh speculation about possible new product launches including a TV or wearable computing devices such as a smart watch.

"We're thrilled to welcome Paul Deneve to Apple. He'll be working on special projects as a vice president reporting directly to Tim Cook," said Apple spokesman Alan Hely via email.

Unsurprisingly, the company doesn't want to elaborate on what kind of special projects Deneve, who has worked at Apple in the past, will be working on. But the hire has resulted in analysts speculating, and wearable computing is on top of the list, according to CCS Insight's Ben Wood and IDC's Francisco Jeronimo.

Apple CEO Tim Cook has said the field of wearable computing is "ripe for exploration" and, said CCS Insight's Wood, "Wearable computing means fashion."

Jeronimo agreed: hiring someone with Deneve's background makes sense if Apple wants to enter the burgeoning sector, he said.

"This is an area that will explode in the next couple of years," Jeronimo said.

He expects to see new wearable devices that combine integration with smartphones to allow users to view messages and answer phone calls with the functionality offered by bands like Nike's Fuelband, which tracks each step taken and estimates calorie burned.

"Many people today just look at their phone to see if they have a new message, and that behavior could be replaced by one of these devices," Jeronimo said.

The smartphone market in many developed parts of the world is saturated, so device makers such as Apple have to come up with new products to ensure growth. Apple is good at putting out products that consumers don't know what to do with when they first see them, but still want to buy, according to Jeronimo.

But there are other potential "special projects" that Deneve could get involved with, including shoring up content deals for the long-rumored Apple smart TV set, according to Jeronimo. Some others that crossed Wood's mind when hearing the news were working on Apple's brand and a range of more luxurious products.

"I think Apple may be a little concerned that as the iPhone becomes more ubiquitous and everyone you know has one it becomes more difficult to retain that premium luster," Wood said.

If Apple can't remain a company whose products users aren't willing to pay more for, it risks getting involved in a race to the bottom, and it wants to avoid that, according to Wood. Apple could also be pondering a range of more luxurious products in the same vein as Nokia's Vertu phones. A number of third party vendors are already offering that, Wood said.

This is Deneve's second stint at Apple: Between 1990 and 1997 he worked as a sales manager and a marketing manager for Apple Europe.

Join the CMO newsletter!

Error: Please check your email address.
Show Comments

Supporting Association

Blog Posts

​ It’s time to walk the walk and get creative about data

Why do people still treat data and creativity as if they are two separate streams, running in parallel but never quite meeting?

Jason Dooris

CEO and founder, Atomic 212

Tapping behavioural science for consumer influence

We know full well the business we’re in as marketers is really the business of choice. But recent discoveries from behavioural science are leading to a psychological revolution that challenges many of the accepted models of how communication, creativity and advertising influence a consumer’s preferences.

Kyle Ross

Account director, TRP

10 ways of changing your culture through self-awareness

Did you hear about the manager who always shot the messenger whenever they brought bad news? He eventually stopped hearing bad news. Unfortunately for him, this wasn’t because there was none to report.

Steve Glaveski

Co-founder, Collective Campus

There are lots of feature of microsoft dynamics crm by using these features you can grow your businesses. Some of them is lead management...

Dynamics Square

How Port Container Services is finetuning lead management with CRM

Read more

Agreed. I see the opposite problem quite often where people are tasked in an organisation just with "be creative" - thus offering no boun...

Dr Fiona Kerr

The great debate: Is data killing creativity?

Read more

By far, this is the best article I've come across so far that has a relevant information regarding the future of marketing. Although the ...

Jayden Chu

​Six ways to prepare for the future of digital marketing

Read more

These are some good ideas. You didn't touch on the overarching goals and results of brand loyalty. This article does a good job at provid...

hgsupport

Four ways to use social media to boost customer loyalty

Read more

This read like a PR PLUG for the agency. Very flowery language for the agency and very little details about the deal or the project.

Digital_Marketer

Why Tourism Victoria decided to go agile

Read more

Latest Podcast

More podcasts

Sign in