| |
Anne
Mulcahy
to
Retire
as Xerox
CEO;
Ursula
Burns
Named
Successor
Mulcahy
to
remain
Chairman
of the
Board
NORWALK,
Conn.,
(BUSINESS
WIRE) --
Xerox
Corporation's
[XRX]
board of
directors
announced
today
that
Anne M.
Mulcahy,
chairman
and
chief
executive
officer,
will
retire
as CEO
effective
July 1.
Ursula
M.
Burns,
current
president
of the
company,
was
named by
the
board to
succeed
Mulcahy
as chief
executive
officer.
Mulcahy
will
remain
as
chairman
of the
board.
"Ursula
takes on
the
leadership
role the
old-fashioned
way,"
added
Mulcahy.
"She has
earned
it. And,
for
that,
she has
my deep
respect
and
confidence."
Ursula
Burns,
50,
joined
Xerox in
1980 as
a
mechanical
engineering
summer
intern
and
later
assumed
roles in
product
development
and
planning.
From
1992
through
2000,
Burns
led
several
business
teams
including
the
office
color
and fax
business
and
office
network
printing
business.
In 2000,
she was
named
senior
vice
president,
Corporate
Strategic
Services,
heading
up
manufacturing
and
supply
chain
operations.
She then
took on
the
broader
role of
leading
Xerox's
global
research
as well
as
product
development,
marketing
and
delivery.
In April
2007,
Burns
was
named
president
of
Xerox,
expanding
her
leadership
to also
include
the
company's
IT
organization,
corporate
strategy,
human
resources,
corporate
marketing
and
global
accounts.
"During
Anne's
tenure,
Xerox
has
become a
stronger,
financially
sound
company,
serving
a
broader
base of
customers
- from
small
businesses
to large
- with
broader
capabilities
than
ever
before,"
said
Burns.
"She
leaves
the CEO
role
having
created
a rich
legacy
that I
am
honored
to build
on. It
is
humbling
to
follow
such a
great
leader
and to
serve as
CEO of
such a
great
company.
I'm
grateful
for the
opportunity
and,
like
Anne,
focused
on
creating
value
for our
customers,
our
people,
our
shareholders
and our
communities.
|
