Ursula M. Burns Assumes Chairman’s Role at Xerox

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In a recent Xerox Corporation annual meeting of shareholders, Ursula M. Burns assumed the role of chairman of the company. Burns succeeded Anne Mulcahy, who has retired from Xerox.

In a recent Xerox Corporation annual meeting of shareholders, Ursula M. Burns assumed the role of chairman of the company. Burns succeeded Anne Mulcahy, who has retired from Xerox.

In her final address to shareholders as chairman, Mulcahy commented on the seamless transition of leadership to Ursula Burns, Ursula has the experience, judgment, passion, knowledge and tools to take this company forward. She has been at my side for the past decade as we transformed a company we love and put it on a trajectory for continued success.

Mulcahy (57) began her Xerox career as a sales representative in Boston in 1976. She became CEO of Xerox on Aug. 1, 2001, and chairman on Jan. 1, 2002. Prior to that, she was president and chief operating officer of the company from May 2000 through July 2001. During her 34-year tenure with Xerox, Mulcahy led the Xerox business division that sells products for reseller and dealer channels.

Anne created a legacy of lea

dership that will stand the test of time. Xerox people worldwide are grateful for and inspired by Annes amazing leadership and contributions to our company. We intend to build on her rich legacy by creating greater value for our customers, our people, our shareholders and our communities, said Burns.

During the annual meeting, shareholders elected by an overwhelming majority vote the nine members of the Xerox board of directors. Re-elected to the board are Glenn A. Britt, Ursula M. Burns, Richard J. Harrington, William Curt Hunter, Robert A. McDonald, N.J. Nicholas, Jr., Charles Prince, Ann N. Reese and Mary Agnes Wilderotter.

For 2010, shareholders approved the selection of PricewaterhouseCoopers LLP as the companys independent registered public accounting firm. In addition, shareholders approved the amendment and restatement of the companys 2004 Performance Incentive Plan.