Photo: Morgan Motor Company
Charles Morgan, nephew of Morgan Motor Company founder Henry Frederick Stanley Morgan, has been completely removed as head of the family-owned British-based car manufacturer.
Replaced as managing director of the company in March, when operations director Steve Morris was named in his place, Charles Morgan was ousted from the automaker, a press release issued by the Morgan Motor Company earlier this week revealed.
"Further to decisions taken in January of this year, Morgan Technologies is now in a position to announce that Charles Morgan is no longer part of the management team or Board of Directors of the company. Over recent months, and in response to the growth in volumes, model range and overseas markets, the company structure has been strengthened across a number of different areas. This reflects the scale and complexity of an increasingly global business," says the statement signed by the company's Board of Directors.
Obviously unhappy with this unexpected turn of events, Charles Morgan told Autocar he will fight his removal and countered Morgan's press release with the following statement.
"As a family member I think I should have been consulted about this press release because it suggests that it comes from all of the family shareholders. It fails to explain what the decisions were back in January. It confuses growth in volumes with growth in sales and doesn't suggest whether we are responding to either. And it also suggests that I resisted overseas markets and global expansion when I was the one going abroad," Charles Morgan commented.
Story via Autocar
"Further to decisions taken in January of this year, Morgan Technologies is now in a position to announce that Charles Morgan is no longer part of the management team or Board of Directors of the company. Over recent months, and in response to the growth in volumes, model range and overseas markets, the company structure has been strengthened across a number of different areas. This reflects the scale and complexity of an increasingly global business," says the statement signed by the company's Board of Directors.
Obviously unhappy with this unexpected turn of events, Charles Morgan told Autocar he will fight his removal and countered Morgan's press release with the following statement.
"As a family member I think I should have been consulted about this press release because it suggests that it comes from all of the family shareholders. It fails to explain what the decisions were back in January. It confuses growth in volumes with growth in sales and doesn't suggest whether we are responding to either. And it also suggests that I resisted overseas markets and global expansion when I was the one going abroad," Charles Morgan commented.
Story via Autocar
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