Xerox Chair Anne Mulcahy Resigns

Xerox Corporation Chairperson Anne Mulcahy says she is stepping down on May 20, 2010.  Chief Executive Officer Ursula Burns will then assume the additional role of chair.

"Leaving Xerox is not easy, but the time is right," said Mulcahy in a press release this morning.

Mulcahy began her career with Xerox in 1976, and became CEO and Chair in 2002.  She retired as CEO last year, and Burns was selected to replace her.