Ford (NYSE: F) CEO Alan Mulally Won’t Go To Microsoft (NASDAQ: MSFT)


Since Microsoft (NASDAQ: MSFT) CEO Steve Ballmer announced that he would be stepping down in 2014, the search for a successor had many insiders whispering the name of Alan Mulally.

Mulally was appointed President and CEO of Ford in Sept 2006, and has successfully navigated the recession. Ford (NYSE: F) remains the only American automaker not to take any government bailout money, and return to profitability. They recently announced that December sales in China increased by +35%, further highlighting the successful 2013 it had under Mulally.

In an interview with the Associated Press, Mulally decided to end all speculation, saying that it has become a distraction to his efforts at Ford. He has already stated previously that he intends to stay with Ford in 2014, and he reiterated that point.

“Alan made it perfectly clear that he wanted to end all speculation. He has no plans to do anything else other than continue serving Ford,” said spokesman Jay Cooney.

Shares of Ford rose slightly more than 1% post-market to $15.59, while shares of Microsoft dropped a bit post-market to $35.94

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