A company with a strong history of a woman at the top has done it again!  Xerox veteran and president, Ursula Burns has been named to replace Anne Mulcahy as Chief Executive Officer, while Mulcahy will remain Chairman of the Board.

At a time when America is beginning to realize that women’s voices and a diversity of voices in the C-suite and in the boardroom is increasingly important, Xerox continues to walk the walk. Both women have moved through the ranks at the company for their entire careers, and have led the way in innovation and consumer repect.

Mulcahy will retire in July, 2009.

According to Pattie Sellers, Editor at Large, Fortune & Chair of the Fortune Most Powerful Women Summit, this woman-to-woman hand off is a first for a Fortune 500 company.

Xerox Official News Release