Biography: Anne M. Mulcahy

Episode 501:
BRAND NEW DAY:
Putting the Pizzazz Back Into Xerox and Coke

Featured Guest:
Anne M. Mulcahy
Chairman & CEO, Xerox Corporation

Ms. Mulcahy's Video Clip


Xerox Corporation, one of the most enduring brands in business today, is the global leader in document management solutions with close to $16 billion in annual revenues. At its helm is Anne Mulcahy, a 30-year veteran of Xerox who began her career selling copiers, and who has, over the last few years, led the company through a massive transformation – reinventing Xerox into an innovative technology and services enterprise that helps businesses deploy smarter document management strategies and find better ways to work. Building on Xerox's rich heritage of social responsibility, Mulcahy ensures that the company's business decisions and actions are aligned with a clear set of corporate values.

Mulcahy and her team are responsible for an aggressive, multibillion-dollar turnaround plan that returned Xerox to profitability – significantly improving the company's financial position and expanding its portfolio of systems and services. By maintaining an investment in innovation, Xerox has completely overhauled its product line, winning share in key segments of the market. In addition, the company launched Xerox Global Services, offering content management, imaging and consulting services. The combination of innovative technology and value-added services has delivered strong results, prompting MONEY Magazine to dub Xerox "the great turnaround story of the post-crash era – an IBM for the 2000s."

Anne Mulcahy was named CEO of Xerox on Aug. 1, 2001, and chairman on Jan. 1, 2002. Mulcahy most recently was Xerox president and chief operating officer from May 2000 through July 2001. She began her Xerox career as a field sales representative in 1976 and assumed increasingly responsible sales and senior management positions. In addition to the Xerox board, Mulcahy is a member of the boards of directors of Citigroup Inc., Fuji Xerox Co. Ltd. and Target Corporation, and is a member of The Business Council. She is also a board member of Catalyst, a nonprofit organization supporting women in business.