Xerox Chairman and Chief Executive Anne Mulcahy, credited for the company's turnaround over the past several years, will retire on July 1, reported the board of directors on Thursday. President Ursula Burns will become the new CEO.
Starting as a sales rep in 1976, Mulcahy worked her way through various management ranks before becoming president and CEO in 2000 and chairman in 2002. She took on the role at a time of financial turmoil for Xerox and has been praised for revitalizing the company through creative new products and services.
"As CEO, Anne successfully led a multibillion-dollar turnaround … Read more