Filed under: Hirings/Firings/Layoffs, UK
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When a company is wholly owned by one family, you’d think it would be fairly easy for that family to retain control over said company. But in an odd turn of events, Charles Morgan has been ousted as head of the Morgan Motor Company.
The British manufacturer of retro sportscars replaced Charles Morgan (pictured above) as managing director of the company in March, promoting operations director Steve Morris (not a member of the family) to fill his role as Charles was to focus on expanding the company’s global sales reach. But now Charles Morgan has apparently been removed from both the management team and the board of directors.
Whether this indicates a rift in the family or if the shareholders will soon overturn the management shuffle remains to be seen, but Autocar reports that Charles is fighting to regain control of the company his grandfather Henry Frederick Stanley Morgan founded over a century ago. Read the full announcement below.Continue reading Charles Morgan ousted from Morgan Motor Company
Charles Morgan ousted from Morgan Motor Company originally appeared on Autoblog on Wed, 16 Oct 2013 09:01:00 EST. Please see our terms for use of feeds.
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