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Morgan to fight car firm ousting
4:26pm Thursday 17th October 2013 in News
CHARLES Morgan has vowed to fight the decision of his family to remove him from the board of the world-famous car company.
Mr Morgan said he was appealing against the decision by Morgan Motor Company to drop him from the managing team and board of directors at Morgan Technologies, a subsidiary of the main company.
Earlier this year, Mr Morgan stepped down as the Malvern company's managing director and became an ambassador for the brand started by his grandfather Henry Morgan in 1910.
As previously reported in your Worcester News the Morgan company announced Mr Morgan’s departure earlier this week, saying it needed to ‘strengthen’ its operation in order to respond to the “scale and complexity of an increasingly global business”.
The firm remains privately owned by the Morgan family and four out of six of the remaining board members are members of the family.
Mr Morgan told Autocar publication: "I am appealing the decision."
He added: "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."
Morgan was run by Henry Morgan until his death aged 77 in 1959. Charles Morgan's father Peter then took over until he was replaced as chairman by Alan Garnett, a non-family director, from 2003 to 2006.
Charles Morgan was then part of a four-man management team , becoming managing director in 2010.
Morgan, based in Pickersleigh Road, Malvern, is on course to sell a record-breaking 1,200 cars this year. "The company is in a good place," a Morgan spokeswoman said.
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