Morgan Motor Company settles dispute with Charles Morgan
Former company director is grandson of Morgan’s founder; has been offered place on a newly formed Family Council
After a long-running employment dispute with management at Morgan Motor Company, Charles Morgan has been invited to join the firm’s new Family Council with no change to his shareholdings.
The grandson of the original founder, Charles controls approximately 25% of the 108-year-old company’s shares but was dismissed from his position as strategy director after four counts of misconduct were bought against him in October 2013. Now though, he has been offered a place on the newly formed Family Council which will include shareholders and family members to ensure that the wider Morgan family has “a voice in the future strategy of Morgan Group.”
Chairman Dominic Riley confirmed the settlement of Charles’ dispute, saying “We are pleased to have settled the long running employment dispute with Charles Morgan and I wish to place on the record the Company’s thanks to Charles for the contribution he made as an employee and director of the business over many years.”
The same announcement also revealed that the company has had a great year, with 750 vehicles built in 2016 – 70% of which were exported. That equates to the best financial results in four years, helped by the launch of the new Plus 8 and Aero 8 models as well as the recent partnership with Selfridges to sell the electric EV3 three-wheeler.