Determine if the sentence is true based on the text below:
The Chairman of BNP was born in Paris.

Michel Pebereau (born 23 January 1942 in Paris) is a French businessman. He is the current Chairman of Banque Nationale de Paris (BNP) and its former CEO. He graduated from the Ecole Polytechnique in 1965 and the Ecole nationale d'administration in 1967.
Yes