Nova Entertainment has today announced its appointment of Lucy Formosa Morgan to the newly created role of commercial operations director.
Bringing over twenty years of media agency experience, Formosa Morgan (main photo) will now be responsible for optimising Nova’s commercial inventory, trading, pricing, airtime and data analysis.
In line with Nova Entertainment’s digital audio ambitions, she will work closely with Nova’s senior management across Sales, CREATE, Digital, Finance and Technology to help define and deliver strategic growth.
Nova Entertainment’s CEO, Peter Charlton spoke to the opportunity that Formosa Morgan’s appointment will provide the business.
“As we continue to invest in our people to drive our growth strategy, Lucy is a natural fit for the business,” he said.
“Having worked with her on the agency side for many years, Lucy has an impressive reputation with an outstanding track record of innovation and transformation.
“We are excited to have her join the team as we continue to develop and deliver on our customers’ audio ambitions.”
Formosa Morgan recently spent over 10 years with PHD initially as chief investment officer, being brought in to build and grow PHD’s investment offering, before being promoted to national managing director in January 2020.
She previously was head of TV for OMD Media Direction for over four-and-a-half years.
“It’s a dynamic time for the audio industry and Nova have an ambitious growth trajectory for the business which I’m very excited to be a part of,” said Formosa Morgan.
“Having worked on the agency side for over two decades, I’m looking forward to bringing a different perspective and insights to the team to help drive stronger partnerships and engagement between our clients and ultimately their consumers.”
Formosa Morgan will replace Michael Duncan, who played an integral role in Nova’s commercial success over the past 15 years, as well as making significant contributions to the Commercial Radio Australia (CRA) board, and research and reporting committees.
Duncan will retire after four decades in the media across audio, agency and research industries.
Lucy Formosa Morgan will commence her new role on 10 February 2022.
