The next CEO of Ford Motor Co. probably will be a company insider, Executive Chairman Bill Ford Jr. said Friday. The current Ford CEO is 65-year old Alan Mulally who is still performing and has no plans of retiring just yet.

Ford Jr.also explained that it would be “very unusual” if Mulally’s replacement came from outside. The executive chairman went further into detail explaining that Mulally holds “Business Performance Review” meetings once a week, to encourage executives from different sections of the company to participate and learn about the business as a whole. The meetings are also designed to help “train the next generation” of leadership for the company.

[Source: Detroit News]