Xerox appoints new CEO

Ursula Burns, the company's president, will take over for retiring Anne Mulcahy

Xerox announced Thursday it had appointed a new CEO, Ursula Burns, to replace current CEO and Chairman Anne Mulcahy, who announced her retirement from the post.

Burns, who is the company's president, will take the new position starting July 1. Mulcahy will remain chairman of Xerox's board.

Burns joined Xerox in 1980 and previously was responsible for running parts of Xerox's successful printer business. She also held roles in the manufacturing, supply chain, marketing and research operations. Burns was named president in April 2007 and is currently managing the company's internal operations.

She takes over a financially stronger Xerox than when Mulcahy took the helm as CEO in 2001. Mulcahy was praised for her role in turning Xerox around financially and for revitalizing the flagging digital imaging business with new products and services. Mulcahy was also responsible for establishing Xerox Global Services, which offers document and images services. That unit generated US$3.5 billion in revenue last year. Mulcahy spent 33 years with Xerox working in various departments.

The new CEO also faces the challenge of guiding Xerox through the recession as companies hold back spending on printing equipment and supplies. Xerox last month reported revenue of US$3.55 billion for the first quarter of 2009, an 18 percent decline from US$4.33 billion in the first quarter of 2008. However, it reported a profit of US$49 million for the period, an improvement from losses of $244 million the previous year. In October, Xerox said it would lay off 3,000 people over six months in an effort to cut costs.

Tags Printersfuji xerox

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Agam Shah

IDG News Service

Comments

Comments are now closed.

Latest News Articles

Most Popular Articles

Follow Us

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Resources

Best Deals on GoodGearGuide

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?