Xerox Chairman Anne Mulcahy to retire

Mulcahy, 57, became chief executive officer 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. She began her Xerox career as a sales representative in Boston in 1976. During her 34-year tenure with Xerox, Mulcahy has held senior management positions in sales, human resources and marketing, and led the Xerox business division that sells products for reseller and dealer channels.

Last July Burns became CEO of Xerox. The board has elected Burns to succeed Mulcahy in the chairman role, effective May 20.