Charles Morgan has vowed to appeal a decision to remove him from the board of the Morgan Motor Company Limited.
Issuing a statement on his personal blog, Charles Morgan said: ‘As has been widely reported, I have been asked to leave the Morgan Motor Company by the board. It is a sad decision that I am appealing; I remain a major shareholder in Morgan.’
The third generation of the family to have served on the board, Charles joined the family business in 1985 and worked alongside his father, Peter Morgan, before taking the position as chairman in 2003.
Charles was replaced as the head of the company in March and was appointed as an ambassador, but this tenure was short lived when the company issued a statement a few days ago saying he was no longer part of the management team or board of directors.
‘I’d like to be clear that I am not a tycoon but a family man – I inherited a company not wealth – and unexpectedly leaving its employment will be a hardship for myself and my family,’ said Charles via his website.
‘Being asked to leave the company that bears my name is extremely personally distressing. That is made more painful as today marks 10 years since my father, Peter Morgan, died and I feel him in spirit with me in this dispute.
‘However, my primary concern is completely for the company I have spent 30 years helping to build and, specifically, for Morgan’s employees, who I hold in the highest regard. I want nothing but success for Morgan Motor Company in the future and remain committed to this goal.’
Although it’s unclear how Charles Morgan will appeal the decision, it is understood he has a lot of support from the marque’s enthusiasts who were left angered at the decision to ends the Morgan family’s 103-year involvement with the day-to-day management of the company.
An updated statement on the Morgan Motor Company’s website said: ‘The Morgan family recognises the management contribution that Charles has made to the family business as strategy director, and confirm that he remains a shareholder.
‘However, to ensure continuing success, Morgan must look to strengthen and review its strategies, and acknowledges that our management team are better placed to steer the company in the future.’