When Anne Mulchay steps down as CEO of the Xerox Corporation, a Black woman will head a Fortune 500 company for the first time. The company released a statement yesterday May 21 stating that Xerox Corporation President Ursula Burns will be replacing Anne Mulcahy effective July 1.
Burns, who has been with Xerox since 1980, started with the firm as a summer intern focusing on mechanical engineering. She was named president of the company in 2007 and has been instrumental in helping to revive the company's financial health after shares plummeted 80 percent in 2000.
Burns will also join the list of four other Black CEOs and 15 other women CEOs of a Fortune 500 company.
Source: Seattle Medium
Comments |  RSS |
|
Leave a comment