Change at the Top of Xerox

Susan Hall

Xerox CEO Anne Mulcahy plans to step down July 1 and will be replaced by her longtime lieutenant, President Ursula Burns, reports The Wall Street Journal. Mulcahy will remain chairman of the board.

 

Mulcahy has turned the troubled company around since taking the top post in 2001, ditching unprofitable businesses such as personal copiers and cutting at least 20,000 jobs. It now makes most of its money from its service businesses, including maintenance contracts, printing supplies and lease revenues.

 

Meanwhile, Reuters reports Burns plans to keep the company laser-focused on research and development, an area Mulcahy has stressed even in the downturn.



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