Xerox Corporation has announced that Ursula Burns, currently the company's president, will take over as CEO as of July 1st, accepting the eight-year-reign reins from Anne Mulcahy, who will continue with Xerox as chairman.Burns will be the first black woman CEO of a Fortune 500 company, and her promotion will mark the first woman-to-woman transition of leadership, according to Fortune.
Mulcahy, 56, named Burns, 50, as president of the world's largest high-speed color-printer maker two years ago, almost three decades after Burns joined Xerox as a summer intern. She will be one of about 15 women leading Fortune 500 companies and, at the helm of a $17.6-billion business, the most powerful black woman in the corporate world.
1 comment:
I'm curious to know more about Burns's background. If she joined Xerox as a summer intern, what was her education? As the mother of a recent college grad and a soon-to-be college freshman, this question is a burning one! (Oh! A bad pun!)
Post a Comment