Putting the ongoing speculations to rest,
Ford Motor Co.
) CEO Alan Mulally in an interview with Associated Press
announced his decision to stay with the automaker at least till
2014-end. Mulally was rumored to be in talks to become the next
), following the departure of Steve Ballmer.
While both Mulally and Ford had earlier given statements about
his plans to stay with the automaker till the end of 2014, it was
rumored that he would change plans once he received an offer from
Microsoft. The speculations were overshadowing the media coverage
of Ford's business operations, which was not going down well with
some board members. The issue was also discussed in a board
meeting last month, according to some media reports.
However, Mulally has finally put an end to the rumors and
stated that the investors of Ford need not worry about him
leaving the company. Nevertheless, he is slowly handing over the
leadership to Chief Operating Officer Mark Fields, who is likely
to succeed him once his term ends.
68-year old Mulally has been Ford's president and CEO since
Sep 5, 2006. He has helped the automaker counter recessionary
impacts, avoid bankruptcy and eventually generate higher profits.
Prior to Ford, Mulally was part of
The Boeing Company
Microsoft Chief Operating Officer Kevin Turner, and executives
Satya Nadella and Tony Bates are potential candidates for the
position of CEO at Microsoft. Former
) CEO Stephen Elop is also considered a contender.
Ford currently carries a Zacks Rank #4 (Sell).
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