Ford board meeting ends with no word on MulallyOctober 10, 2013 @ 3:00 pm
DETROIT (AP) - Ford's board of directors has ended a two-day quarterly meeting without issuing a public statement on the future of CEO Alan Mulally.
Microsoft Corp. is reportedly considering Mulally as a replacement for CEO Steve Ballmer, who is due to step down next year.
Spokesman Jay Cooney said Ford couldn't comment on the board's discussions. But he said there is no change in Mulally's plan to remain at Ford through at least the end of 2014.
Ford also wouldn't say whether Microsoft is talking to Mulally.
The board did announce that Ford would pay a 10-cent dividend in the fourth quarter. Ford doubled its quarterly dividend to 10 cents in the first quarter of this year.
Ford Motor Co.'s shares rose 31 cents, or nearly 2 percent, to close at $16.93.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.