Chief Executive magazine has announced that Anne Mulcahy, Chairman and CEO, Xerox Corporation, has been selected by her peers as “CEO of the Year.” She joins an impressive group of past winners including: Bob Ulrich, Target, John Chambers, Cisco Inc., and Bill Gates, Microsoft Corp. Mulcahy will be presented with the CEO of the Year award at a dinner at the New York Stock Exchange on July 17, 2008.
Mulcahy’s nomination was a unanimous decision by the selection panel, chaired by Bob Ulrich, CEO, Target Corp., and the magazine’s 2007 CEO of the Year.
“Mulcahy’s vision and courage to foresee short-term challenges and plan for the long-term is evident in her actions,” said J.P. Donlon, editor-in-chief of Chief Executive magazine. “She has done a remarkable job in transforming Xerox into the world’s leading document management technology and services enterprise. She is an outstanding leader in every aspect, and we are happy to name her the 23rd CEO of the Year.”
Appointed CEO in August 2001, Mulcahy is dedicated to building a sustainable business that focuses on developing talent and fosters new technologies through research. At a time when most companies are trying to cut costs, R&D is central to Mulcahy’s strategy, as proven by the more than 100 new products that have emerged over the last three years.
Xerox aims to transform the graphic communications business from an offset to a digital world for customized print on demand. In addition, Xerox has focused on expanding its presence into the small and medium business market, most notably with its acquisition of Global Imaging Systems, an office equipment distributor, in May of 2007. The billion dollar deal added 4,000 sales people to its team and gave Xerox access to more than 200,000 potential customers. In addition, Xerox is working to grow its $3.8 billion global services business with its acquisition of Amici and Advectis – two software companies that provide document management capabilites to the legal and mortgage industry respectively.
“This award is not a singular accomplishment, but instead, represents the impressive accomplishments of Xerox people around the world – a team which I am privileged to lead,” said Mulcahy. “Our focus at Xerox is clear: creating a great experience for our customers, providing rewarding careers for our people, building value for our shareholders. Recognition for our leadership in these areas is a great source of pride for our entire company.”
Xerox also takes significant pride in its commitment to the environment. As the first business equipment company to remanufacture and reuse parts and components to reduce the amount of waste that would otherwise end up in landfills, Xerox, under the leadership of Mulcahy, continues to foster environmental innovation and recently committed $2 million to Rochester Institute of Technology to serve as a founding partner of The Golisano Institute for Sustainability.
“Anne is an exemplary CEO across all facets. She is an excellent motivator, a true visionary and a strong believer in innovation and sustainability. Her contributions to Xerox and the industry speak volumes about her leadership acumen and we congratulate her on this Award,” said Edward M. Kopko, CEO of Chief Executive Group.
About Xerox Corporation
Xerox Corporation is the world’s leading document management technology and services enterprise. A $17 billion company, Xerox provides the industry’s broadest portfolio of color and black-and-white document processing systems and related supplies, as well as document management consulting and outsourcing services. Over the past 40 years, Xerox has demonstrated leadership in sustainability and citizenship in its products and its facilities and by investing in innovation that delivers measurable benefits to the environment. It is a member of the California Climate Action Registry as well as the United States Climate Action Partnership (USCAP). It was named to the Dow Jones Sustainability North America Index in recognition of its economic, environmental and social performance, and it received the National Medal of Technology, the highest technology award in the