Menu
Mulcahy to step down as Xerox chairman

Mulcahy to step down as Xerox chairman

The former CEO is widely credited for turning around the company

Anne Mulcahy, a long-time employee and executive at Xerox, will step down as chairman and leave the company's board on May 20, Xerox announced Tuesday.

Mulcahy, who also served as CEO of Xerox from August 2001 through June 2009, is widely credited with turning around Xerox from near bankruptcy when she took over as CEO. She cut about 28,000 jobs from the company and sold off part of Fuji Xerox in order to keep the company afloat.

When she took over as CEO, Mulcahy also reached a settlement with the U.S. Securities and Exchange Commission over lingering questions about the company's past accounting practices.

Xerox CEO Ursula Burn will assume the additional role of chairman when Mulcahy leaves.

"Leaving Xerox is not easy, but the time is right," Mulcahy said in a statement. "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, 57, began working at Xerox as a field sales representative in 1976 and was promoted several times. From 1992 through 1995, she served the company as vice president for human resources. She later served as vice president and staff officer for customer operations in South America and Central America, Europe, Asia and Africa, and China.

She was appointed chief staff officer in 1997 and corporate senior vice president in 1998.

Mulcahy "prioritized investments in innovation, shifted our strategy to become more focused on services, and significantly improved our financial health," Burn said in a statement. "As a result, we have a strong foundation from which to build an even stronger company."


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Events

Featured

Slideshows

Channel kicks 2021 into gear as After Hours returns to Auckland

Channel kicks 2021 into gear as After Hours returns to Auckland

After Hours made a welcome return to the channel social calendar with a bumper crowd of partners, distributors and vendors descending on The Pantry at Park Hyatt in Auckland to kick-start 2021.

Channel kicks 2021 into gear as After Hours returns to Auckland
The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Show Comments