Here’s Why Microsoft Investors May Replace Ballmer With These Comeback Kids
Ever since Microsoft (NASDAQ:MSFT) CEO Steve Ballmer unexpectedly announced his decision to retire last month, consumers, investors, and analysts have watched with bated breath to see who would be the next lucky executive to succeed him. The list of possible internal and external CEO candidates is reported to be close to 40 people, but a report from Reuters highlights Ford Motor Co. (NYSE:F) CEO Alan Mulally and Computer Sciences Corp. (NYSE:CSC) CEO Mike Lawrie as the frontrunners for the job in many investors’ eyes.
Microsoft is still a highly profitable company — it recently acquired Nokia’s (NYSE:NOK) phone business and patent portfolio in a high-profile deal for 5.44 billion euros — but the world’s largest software maker is still struggling to keep up with tech giants like Google (NASDAQ:GOOG) and Apple (NASDAQ:AAPL). That’s why many of Microsoft’s top investors are interested in hiring an executive who has a proven ability to turn around a company. It’s little surprise, then, that Microsoft’s special committee responsible for the CEO search is reportedly honing in on Ford’s Mulally: the highly esteemed CEO has been widely celebrated for his ability to resurrect Ford’s success after its bankruptcy blunders, and Mulally has also proven his expertise in a variety of fields.
Computer Sciences Corp.’s Lawrie is also a possible prime candidate for Microsoft. The IT executive already has experience engineering a comeback for his financial software company, Misys PLC, and has been well reviewed at Computer Sciences since his CEO appointment in 2012.