The Only Black Female CEO of a Fortune 500 Company Just Stepped Down

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Former Xerox CEO Ursula Burns has accepted a position as the company’s Chairman of Post-Separation Document Technology.

It’s official: There are no more Black female CEOs at any Fortune 500 companies.

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New York Magazine reports that former Xerox CEO Ursula Burns has stepped down from her position and has accepted a new role as the company’s Chairman of Post-Separation Document Technology, in which she will come up with digital document management systems.

“I am looking forward to my role as chairman of the Document Technology company and to continuing my deep personal and professional commitment to its success,” she said in a statement. “I remain focused, however, on ensuring Xerox and the post-separation companies are positioned to build on our strong heritage and capture new opportunities we have identified to create value for employees, customers and shareholders.” 

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Burns has been with Xerox for nearly 40 years, starting as an intern at the company in 1980. She will retain her position as CEO until a new person is selected.

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