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Thursday, May 21, 2009
Mulcahy retiring as Xerox CEO; Burns tagged as successor
By Mass High Tech Staff
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Document management company Xerox Corp. reports that Anne M. Mulcahy, chairman and CEO, will retire as CEO on July 1.
The Norwalk, Conn.-based company says that Xerox (NYSE: XRX) president Ursula M. Burns was named by the board of directors as the new CEO. Mulcahy will keep serving as chairman of the board.
Mulcahy, 56, assumed the role of CEO of Xerox on Aug. 1, 2001, and was named chairman on Jan. 1, 2002. She rose through the Xerox ranks, having started as a sales representative in 1976, eventually serving as president and chief operating officer of the company from May 2000 through July 2001. Mulcahy has also held senior management positions in sales, human resources and marketing, and led the Xerox business division that sells products for reseller and dealer channels.
Mulcahy is credited with -- among other accomplishments -- creating Xerox Global Services, which offers document-related outsourcing, imaging and consulting services, which in 2008 generated $3.5 billion in revenue.
Burns, 50, joined Xerox in 1980 as a mechanical engineering summer intern and later took on roles in product development and planning. In 2000, she was named senior vice president, corporate strategic services, heading up manufacturing and supply chain operations. Burns later 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.
Xerox employs approximately 57,100 globally and reported a 2008 profit of $230 million on revenue of $17.6 billion.
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