He joined Ford’s board in 2000.
In a letter to Bill Ford, chairman and CEO of Ford Motors, Rubin said: "As the board undertakes its upcoming review of strategic options, Citigroup's multi-faceted relationship with Ford could raise a question whether my relationship with Ford and Citigroup creates an appearance of conflict.
"Although no conflict currently exists and while I would have liked to remain involved, I have with great regret concluded that I should resign from the board at this time."
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