Wednesday, August 4, 2021

Messing with Morgan

Section:

The ousting of Charles Morgan from the board of Morgan is a mistake

 

These are turbulent times for the British motor industry. Aston Martin’s disastrous Cygnet caused losses of £34.1 million, Land Rover have axed the Defender and now Morgan have removed Charles Morgan from their board.

Charles Morgan
Charles Morgan

Following the Worcestershire based car company’s decision, Charles Morgan issued a statement on his blog on Friday. In it, he commented:

 

“Being asked to leave the company that bears my name is also 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”.

 

Charles Morgan has a thirty per cent shareholding in Morgan and is also one of the beneficiaries of a trust whose two trustees control an additional forty-eight per cent of the company. He has been described as the brand’s “lifeblood” and joined the firm in 1985.

 

Justifying their decision, however, the carmakers issued the following statement:

 

“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 acknowledge that our management team are better placed to steer the company in the future”.

 

In our view, Morgan have made a terrible mistake in axing a visionary who has successfully steered his firm into the twenty-first century. Charles Morgan should be reinstated.

 

 

Subscribe to our free once daily email newsletter here:

    The Steeple Times
    We research and background check our articles. If you believe we have made and error in some detail please get in touch, we seek always to write the truth and stand against a press owned by a self selected few. Please help us, we will accept all your likes, subscriptions and anonymous suport. The Editor and his team at the Steeple Times.

    2 COMMENTS

    1. Scandalous – they are making a huge mistake. They need Charles to stay for the heritage of the company. Even Louis Vuitton still employ Patrick Louis Vuitton – its a must in a prestigious luxury empire to have an this vital link with the family that bears its name.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Advertisement
    Advertisement

    Become a Patron of The Steeple Times

    Independent journalism will only remain independent if it is supported by clear-thinking people like you. We each have the command to make a real difference. Join us.

    2,668FansLike
    2,068FollowersFollow
    11,600FollowersFollow

    Subscribe For DAILY NEWS

    Please subscribe, like and share this very British site, it helps us grow. Your data is protected and The Steeple Times will send you an email at noon everyday that we rather trust you will enjoy.

    Advertisement

    Weather

    London
    broken clouds
    21.8 ° C
    24.4 °
    20 °
    54 %
    0.5kmh
    75 %
    Wed
    22 °
    Thu
    21 °
    Fri
    20 °
    Sat
    20 °
    Sun
    21 °