Mulcahy, Anne life and biography

Anne M. Mulcahy (born October 21, 1952) is chairman and former chief executive officer of Xerox Corporation. She was named CEO of Xerox on August 1, 2001, and chairman on January 1, 2002. In addition to the Xerox board, she has been a member of the boards of directors of Catalyst, Citigroup Inc., Fuji Xerox Co. Ltd. and Target Corporation.
She has been selected as 'CEO of the Year 2008' by Chief Executive magazine. She announced her retirement as CEO on 21 May 2009 prior to the company's annual shareholder meeting.

After graduating from Marymount College, Mulcahy worked for two years at Chase Manhattan Bank. She then went to Xerox where she started as a field sales representative in 1976 and climbed to increasingly higher management positions. She logged in three years as vice president for human resources before becoming chief staff officer in 1997 and corporate senior vice president in 1998.

When Mulcahy became CEO in 2001, the company debt was over $17 billion dollars. Her solutions seemed draconian—she chopped more than 30,000 jobs, eliminated entire divisions, and sent manufacturing overseas to Taiwan. Her efforts got results.

The Wall Street Journal named Mulcahy one of 50 women to watch in 2005 and Forbes Magazine ranked her at the sixth position among the Most Powerful Women in America in 2005. In 2008, she was selected by U.S. News & World Report as one of America's Best Leaders.

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