Sydney, Australia – IPG Mediabrands’ media intelligence and investment division MAGNA has appointed Lucy Formosa Morgan as its new managing director in Australia. The appointment took effect on 26 June, replacing previous managing director Nick Durrant.
Morgan brings more than 20 years’ international and local experience to Magna, previously holding senior management roles both agency and publisher-side, in Australia and the UK.
Most recently, she was with NOVA Entertainment as commercial operations director. Prior to that, she was with PHD for more than decade where she joined as national managing director and chief investment officer, while also leading several of PHD’s specialist business units, driving growth year-on-year.
Speaking on her appointment, Morgan said, “MAGNA has clear opportunities to continue to evolve its investment product, taking full advantage of the ongoing dramatic shifts in consumer behaviour that we have seen over the past 2 years. I am delighted to join such a highly experienced and passionate team. Together we will continue to challenge how we execute our media with particular emphasis on digital, data and tech capabilities in the market so we can harness our creative thinking to accelerate returns for our clients.”
A passionate advocate for climate change and leading the charge for gender diversity across the Australian media industry, Morgan also mentors a number of senior women executives and is focused on increasing women in executive management roles.
Meanwhile, Mark Coad, CEO at Mediabrands Australia said he was delighted Lucy will be leading Magna’s Australian team as she is an inspiring leader with a track record of creating brilliant work that drives client success; and he was really looking forward to seeing her make an impact in the business.
“Lucy is a well experienced and highly capable executive. We have worked together in several roles over the years – so I know exactly what she will bring and the difference she will make. She is extremely highly regarded across the industry and by our media partners, and will bring all of that to bear as she takes on the leadership of Magna. She will also make a valued contribution to the overall Mediabrands business as she takes a place on our executive leadership team,” Coad said.
He added, “This role is not just about how we lead our Group’s negotiations and investment – but how we work with our media partners to execute the digital, data and tech capabilities in market…how we splice together our ability to build audiences with our media partners ability to deliver them and connect them to the brands we represent.”