Xerox chairman Anne Mulcahy to retire

Ursula Burns, who replaced Mulcahy as CEO in May 2009, will step up to the role of chairman when Mulcahy (pictured) vacates the position at Xerox’s AGM in two months time.

“Leaving Xerox is not easy, but the time is right,” said Mulcahy. “This decision is made infinitely easier by the knowledge that I turn the company over to a gifted leader at a point when our strategy is sound, our financial position is strong, and our opportunities for growth are considerable.”

Mulcahy became chief executive of Xerox in August 2001 and chairman at the start of 2002, after already serving as president and chief operating officer since May 2000. She has been with the company for a total of 34 years, holding a series of senior management positions.

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