Charles Morgan has been replaced as the managing director of Morgan Motor Company, following a decision by board members and shareholders.
Taking his place is Steve Morris, who was previously the operations director at Morgan.
"Charles Morgan will concentrate on his vital role as the face of Morgan internationally, promoting the brand and selling the company's products worldwide," a Morgan statement read.
A Morgan spokesperson added, "It gives Charles the time to do what he needs to do on an international level, and it felt like a natural progression for Steve."
Morgan insisted that the change was amicable and not driven by a lack of satisfaction with Charles Morgan's performance, as had been rumoured.
Nick Baker, sales manager at the Morgan Motor Company, said, "Charles will remain the figurehead of Morgan. His role is now to focus on opening doors and creating the market."
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Sorry
i mean't to say Lord White of Hull. Apologises. Lionel Wienstock was the person credited with building Marconi into the company that it once was. George Simpson plundered his legacy.
In addition to writing that
In addition to writing that he is not stepping aside or going anywhere, Mr Morgan says "Need day to day MD but still in charge" on his Twitter feed.
Morgan is entirely owned by Charles Morgan and ....his family &
.....his family & family trusts. As one GM Excec once said, at some time there will be 3 car companies, VW Group, Toyota Group and Morgan.
Charles is a decent man
I new Charles from his previous incarnation as an ITN News cameraman. He was highly regarded both in his job and as a thoroughly decent man.