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

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“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.