Bill Ford, Jr. hints Mulally's successor will likely come from within Ford

Alan Mulally has no plans to retire just yet. The 65-year-old Ford CEO is still going strong at the helm in Dearborn, and is working to get his company back up to an investment-grade credit rating. Still, Bill Ford, Jr. explained to reporters last week that the former Boeing CEO's replacement will probably come from within the company.

According to The Detroit News, Ford went as far as to say it would be "very unusual" if Mulally's replacement came from outside. The executive chairman elaborated, explaining that Mulally holds "Business Performance Review" meetings every Thursday, encouraging execs from different wings of the company to participate and learn as much as they can about the business as a whole. In part, the meetings are designed to help "train the next generation" of leadership for the company.

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