PARIS - The Havas advertising agency holding company has named Richard Pace as chief performance and economic officer and Esther Gaide deputy financial director.

The Paris-headquartered group, which owns the Euro RSCG and MPG networks among others, says the appointments were made to strengthen the company's financial operations.

Pace has previously worked as managing director responsible for the finances of Euro RSCG's media business; Gaide is audit director at Groupe Bolloré, the primary investment vehicle of Havas chairman Vincent Bolloré.