M&C SAATCHI yesterday said it has appointed two independent nonexecutive directors amid reports that potential suitors are lining up bids for the troubled advertising agency.

Lisa Gordon and Louise Jackson will join the board with immediate effect, the company said.

Gordon currently holds nonexecutive director positions at foreign exchange specialist Alpha FX and children's TV and film production firm Magic Light Pictures.

Jackson serves as group director of talent and leadership at luxury retailer Selfridges, where she also sits on the remuneration committee.

The appointment of two women to the advertising agency follows criticism of the company's all-male board. Boss David Kershaw has previously defended the firm's management make-up, telling Campaign magazine in 2016 that "making grand gestures like making a woman a non-exec isn't going to change the world".

(c) 2020 City A.M., source Newspaper