- Ford's (F) board of directors reportedly intends to press CEO Alan Mulally on his future amid intense speculation that he is a leading candidate to replace Steve Ballmer at Microsoft (MSFT).
- The board will discuss the matter at a meeting that is due to take place today. The rumors have caused frustration and a desire for clarity, and an end to what is seen as a distraction, especially with some major product launches due next year.
- "It's drowning out the rest of the story," says a source. "People don't write about Mustang, they don't write about earnings, they write about Mulally."
- Even if Mulally doesn't leave for Microsoft, he is unlikely to stay at Ford until the end of next year despite this being the current oft-repeated plan. The board has confidence in COO Mark Fields, who is the frontrunner to replace Mulally as the carmaker's next CEO.
Ford board to press Mulally for clarity on future
Dec 12 2013, 04:35 ET