Women CEOs Make Slow Progress.XEROX PROMOTED Anne M. Mulcahy Anne M. Mulcahy is chairman of the board and chief executive officer of Xerox Corporation, Stamford, Conn. She was named CEO of Xerox on Aug. 1, 2001, and chairman on Jan. 1, 2002. In addition to the Xerox board, she is a member of the boards of directors of Catalyst, Citigroup Inc. 48, from president and COO to president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , capping a 25-year career with the copier and office machine manufacturer. Despite four consecutive quarterly losses, Xerox is expected to make money before the year is out, continuing a turnaround credited to Mulcahy. She succeeds Paul A. Allaire, who will remain as chairman until his retirement at the end of the year. Mulcahy's career at Xerox has been a series of what she has called "tactical" decisions. She began in the sales division, choosing a line job- the career choice often recommended for women who aspire to aspire to verb aim for, desire, pursue, hope for, long for, crave, seek out, wish for, dream about, yearn for, hunger for, hanker after, be eager for, set your heart on, set your sights on, be ambitious for the upper echelons-because she wanted to be measured by her performance. Later she diversified into a human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. position to help her see the company from a cultural and organizational perspective. "Mulcahy sat in all the right seats at Xerox," says Sheila Wellington, president of New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. research firm Catalyst, on whose board Mulcahy serves. Her promotion marks the first time so many women--five, to be exact--have held top spots. "Women CEOs now represent 1 percent of the Fortune 500," says Wellington. Mulcahy joins Hewlett-Packard' Carleton S. (Carly) Fiorina, Avon' Andrea Jung, Golden West Financials Marion O. Sandler, and Spherion's Cinda A. Hallman, who was made CEO in April. Wellington acknowledges women CEOs have a crossed a modest milestone on a very long road. "At the rate we're going, it's very slow progress indeed." Sandy Kemper, founder and CEO of online banking services firm eScout and former chairman and CEO of UMB (1) (Upper Memory Block) See UMA. (2) (Ultra Mobile Broadband) See 3GPP. 1. UMB - Upper Memory Block. 2. UMB - A university(?). Bank. |
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