Xerox will be the first Fortune 500 company headed by a black woman when Ursula Burns, 50, takes the reigns this summer.
Source: NY Daily News Burns replaces Xerox CEO Anne Mulcahy, 56, who told shareholders Thursday she would be retiring in July and had picked her lieutenant as her successor. Burns climbed the corporate ladder at Xerox, beginning as a summer engineering intern in 1980 and rising to president of the printing giant in 2002.