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.
Show full PR text
Press Release 14th October 2013

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.

Whilst these are significant developments for the company, the Morgan family, Directors and management team look forward to sharing more news with the wider Morgan community in the near future.

These changes will help cultivate an exciting future for Morgan which continues to reinforce the unique attributes of the brand.

Board of Directors.


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    • 1 Second Ago
  • 16 Comments
      Read Tull
      • 1 Year Ago
      As the owner of a Morgan I find this sad and scared news. Charles always seemed enthusiastic about the cars with his name on them, and the fact that mmc is the oldest family run auto company always had some mystical allure about it. Hope they don't sell out and ramp up production, there's a reason no other little British car companies are around anymore.
        Teleny411
        • 1 Year Ago
        @Read Tull
        I agree. I saw him in clips several times & he was knowledgable about the product and articulate.
      Wetstuff
      • 1 Year Ago
      Might have had too much Capt. Morgan in his blood. Jim
      Teleny411
      • 1 Year Ago
      I really wish the US would allow boutique manufacturers like Morgan better access to the market. Safety regs be darned!
      • 1 Year Ago
      [blocked]
      icemilkcoffee
      • 1 Year Ago
      Not a good development. The part aboutt focusing on expanding global sales reach sounds really ominous. The soul of Morgan is being whored out in pursuit of profits.
        fordskydog
        • 1 Year Ago
        @icemilkcoffee
        Keeping a business run by successive family members, especially the second generation, is very, very unlikely to succeed. Studies have been done. Look it up. This is a GOOD development for Morgan, and will probably help them in the long run. Sounds to me like "expanding global sales" was probably actually galavanting and spending dad's money like crazy. I speculate here, but removal from managing director position was probably because he sucked at it. So tell him to hit the streets and do some marketing. But it sounds like he failed at that, too. Better to boot the scion than let him run the company into the ground. I am sure the artisans at Morgan want with all their being to keep on keepin' on. Good move, Morgan. Is that a publicly traded company?
          iToft
          • 1 Year Ago
          @fordskydog
          First of.. Charles was the third generation to run the company.. Not the second.. Morgan is a family business and not a publicly traded company.. Therefore it should also be run by a member of the family.. And saying that a business can't be a success if it is run by successive family members is just wrong.. Especially here in Europe there are lots of them.. Or wouldn't you call LEGO a successful business???
      fordskydog
      • 1 Year Ago
      When the family business gets handed to the next generation, it is not a good thing, statistically speaking. Scions tend to not do as well running the business as the previous generation did. Sometimes it can be disastrous. Look at the King of Beers, who was sold to a foreign entity several years ago. Check that story out. It is a good move, business-wise, to boot the recent Morgan. It will be good for the company in the long run. Statistically, they will enjoy more profit and provide more jobs than if they had kept him on. From the story above, it sounds like he was a poor manager, and was asked to hit the streets and do some marketing. And he apparently sucked at that, or spent too much money without results. Anyway, check out this link for some interesting info about the success of family businesses when they are taken over by the second generation. http://freakonomics.com/2011/08/03/new-freakonomics-radio-podcast-the-church-of-scionology/
      thomas.leopard
      • 1 Year Ago
      He must have really screwed up!
      Feurig
      • 1 Year Ago
      Just because your name is on the company doesn't necessarily mean you know where the company should go.
        icemilkcoffee
        • 1 Year Ago
        @Feurig
        I dont think the company should go anywhere. It should continue doing what it is doing. They have a over one year long waiting list for their cars. They must be doing something right.
      Ducman69
      • 1 Year Ago
      If this wasn't a group decision of the family as a whole, that is pretty messed up.
      artandcolour2010
      • 1 Year Ago
      wow.
      Brodz
      • 1 Year Ago
      That sucks. It's his company.
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