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Ursula Burns Is the First African-American Female Fortune 500 CEO

Two Women, Two Groundbreaking Fortune 500 Events

Big things are happening in big business. In one swoop, two history making events occurred and each of them is pretty remarkable. Anne Mulcahy, CEO of Xerox, has selected Ursula Burns as her successor and will officially transition on July 1. It's the first Fortune 500 woman-to-woman CEO hand-off, and Ursula's new role will make her the first African-American female CEO in the Fortune 500.

The two have been called "Xerox's Dynamic Duo" and worked together since 2001 when Mulcahy was appointed CEO, and the pair is credited with saving the company from bankruptcy. Burns will now take the reigns as chief, but Mulcahy will stay on as chairman. These two are role models as individuals and as a team — I hope more women will start supporting each other in the climb to the top, instead of bullying one another in the workplace.

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