Morgan Motor Company announces new chairman

Steve Morris has resigned as chairman of the Morgan Motor Company and will be replaced by Lawrence Price.

Price will work closely with Massimo Fumarola, CEO of Morgan, to continue the successful development of Morgan.

Morris said: “I am incredibly proud to finish my career with Morgan during my 40th year, the year I reached the pinnacle of the business in my role as executive chairman. Whilst this decision has not been an easy one to take, 2022 felt like the right milestone at which to change direction. Throughout my years in leadership of the business, I have focussed upon continuous, stable growth. A goal made possible thanks to the passionate management team and workforce. My respect for both is absolute, and I have taken enormous pleasure in building, nurturing and working alongside Morgan’s people, they are without doubt the heart and soul of the business.”

Price said: “It has been a pleasure to work with Steve since joining the board as a non-executive director in 2012. His impact and importance to Morgan throughout his 40 years has been vast. He has led the business through significant change delivering sustained growth and financial success. These achievements enabled the introduction of new product lines and investment into the facilities, operations and team.

“The founding Morgan family, along with the wider family of customers, suppliers, dealers and employees owe enormous gratitude to Steve, and I know that his presence will be sorely missed by all. He leaves the business stronger than ever in the company’s 113-year history.”