Ford board to press CEO over his future plans

Article by Anita Panait, on December 13, 2013

The board of directors at Ford Motor Co. is planning to press chief executive Alan Mulally on his plans for his future, amidst increasing rumors that he will be the next top honcho at Microsoft Corp. Several sources privy to Microsoft told Reuters that Mulally is one of the candidates considered to become the next CEO of the technology giant.

Mullaly has not directly denied having interest in the role -- and this has began to bother some members of the Ford's board, two sources told Reuters this week. Mulally also is a board member. According to the sources, directors intended to raise the issue with him this week or next. "It's drowning out the rest of the story," said one source privy to Ford's board told Reuter, noting that people now only write about Mullaly, instead of the new Mustang or of the company's earnings.

That has led to frustration and a desire for clarity, the source said. A Ford spokesman reiterated that Mulally will remain as chief executive through 2014, although it surfaced in September that the board would be open to him departing from the company earlier than that. “Alan is staying through the end of 2014 and that’s all I know,” Edsel Ford II, great-grandson of founder Henry Ford, said during the sidelines of the introduction of the new Mustang.

Topics: ford, ceo

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