CEO departure rumors at Ford now in the backdrop

|About: Ford Motor Company (F)|By:, SA News Editor

Shares of Ford (F -0.8%) are mildly under-performing market averages today as news that CEO Alan Mulally is on the hot list to take the top job at Microsoft adds to the backdrop.

Mulally has been at Ford since 2006 and is widely credited for navigating the automaker successfully during the period.

Ford COO Mark Fields told the Detroit News earlier today that the departure rumors are not a distraction for the automaker.