Morgan Motor Company has confirmed that Charles Morgan (pictured) is no longer the head of the family-owned company. In addition, he is also no longer a member of the board of directors at Morgan Technologies Ltd, a subsidiary of the main company.
Morgan though, despite the announcement, emphasised the company will remain 100% family-owned.
Morgan is represented in Scotland solely by Revolutions in Perth.
Charles Morgan was replaced as managing director of the firm in March, with then operations director Steve Morris taking the role.
“Over recent months, and in response to the growth in volumes, model range and overseas markets,” the latest official statement from Morgan Technologies Ltd said, “the management team has been strengthened across a number of different areas, reflecting the scale and complexity of an increasingly global business.”
The company has yet to name its new managing director, and it remains unclear whether Charles Morgan will continue to be involved with the company.