Ford board meeting ends with no word on Mulally

Oct 10, 2013, 11:44 PM EDT
Alan Mulally, President and CEO of the US carmaker Ford delivers a speech during a key note speech 'The Smart car, intuitive, connected and safe' at the 53rd IFA (Internationale Funkausstellung) electronics trade fair in Berlin on September 6, 2013.
AFP/Getty Images

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.

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