Currently reading: Morgan CEO steps down after three years

Massimo Fumarola steps down "for personal reasons"; technical chief Matthew Hole named new managing director

Morgan has appointed its chief technical officer, Matthew Hole, as managing director, to replace its CEO of the past three years, Massimo Fumarola, who is leaving “for personal reasons”.

Hole joined Morgan three years ago to help the British sports car maker apply latest technology and new engineering techniques to its existing and future models.

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