TweakTown

Microsoft stock falls after news that Mulally will not be next CEO

Ford board member says that Alan Mulally is sticking around, and not heading to Microsoft.

@CharlesJGantt
Charles Gantt
Published Thu, Dec 5 2013 12:44 PM CST   |   Updated Tue, Jun 16 2020 4:29 PM CDT

The saga over who will become Microsoft's next CEO has taken yet another step forward today after a board member at Ford told press that Alan Mulally will not be leaving the car maker for Redmond, Washington. Since this news began to spread earlier this week, Microsoft's stock has fallen about 3.5-percent, equating in a $12 billion fall in market cap for the company.

Microsoft stock falls after news that Mulally will not be next CEO | TweakTown.com

The news came from Ford board member, Edsel Ford II who stated that "Alan is staying through the end of 2014," a time frame far past Steve Ballmer's departing date. This is good news for Nokia's Stephen Elop, who is also in the running to take the CEO seat. Today's news does not surprise me at all though, as I have expected Elop to be the "Chosen One" since Microsoft announced its acquisition plans for Nokia. Other reports suggest that Microsoft's head of Cloud Services Satya Nadella could head up the company, but I see that as a far stretch at this point.

NEWS SOURCE:techcrunch.com

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

Related Tags

Newsletter Subscription

Latest News

View More News

Latest Reviews

View More Reviews

Latest Articles

View More Articles