Xerox's Anne Mulcahy is stepping down as chairman and board director on May 20, the company said Tuesday.
Current CEO Ursula Burns will take on the additional job of chairman immediately following Mulcahy's departure.
The news marks Mulcahy's final curtain call on her 34 years with Xerox after having handed over the role of CEO to Burns in July.
Taking the reins as chief executive officer in 2001 and chairman in 2002, Mulcahy is credited with steering the company on the road to recovery following a rough patch of falling earnings and rising layoffs.
During her lengthy … Read more