Ford board meeting ends with no word on Mulally

Ford board meeting ends with no word on future of CEO Mulally amid Microsoft speculation

Associated Press
Ford board meeting ends with no word on Mulally
.

View photo

FILE - In this Jan. 8, 2009 file photo, Ford Motor Company CEO and president Alan Mulally, right, shakes hands with Microsoft CEO Steve Ballmer, during Mulally's keynote address at the International Consumer Electronics Show (CES) in Las Vegas. Ford's board of directors has ended a two-day quarterly meeting without issuing a public statement on the future its CEO. Microsoft Corp. is reportedly considering Mulally as a replacement for Ballmer, who is due to step down next year. (AP Photo/Paul Sakuma, File)

DETROIT (AP) -- Ford's board of directors has ended a two-day quarterly meeting without issuing a public statement on the future of CEO Alan Mulally.

Microsoft Corp. is reportedly considering Mulally as a replacement for CEO Steve Ballmer, who is due to step down next year.

Spokesman Jay Cooney said Ford couldn't comment on the board's discussions. But he said there is no change in Mulally's plan to remain at Ford through at least the end of 2014.

Ford also wouldn't say whether Microsoft is talking to Mulally.

The board did announce that Ford would pay a 10-cent dividend in the fourth quarter. Ford doubled its quarterly dividend to 10 cents in the first quarter of this year.

Ford Motor Co.'s shares rose 31 cents, or nearly 2 percent, to close at $16.93.

View Comments (0)