Anne Mulcahy
Anne Mulcahy
Anne M. Mulcahyis former chairperson and CEO of Xerox Corporation. She was named CEO of Xerox on August 1, 2001, and chairwoman on January 1, 2002. In addition to serving on the Xerox board, she has been a member of the boards of directors of Catalyst, Citigroup Inc., Fuji Xerox Co. Ltd. and Target Corporation...
action apart bold lost path piece problem pulls worst
He doesn't get lost in theory. He's action oriented. He pulls a problem apart piece by piece and is bold with his decisions. And when you're in trouble, the worst path is indecision.
account actions activity additional balance billion fourth including jobs quarter reduction savings since taken third worldwide yield
We are aggressively implementing our cost-reduction plans, which will yield more than $1 billion in savings by the end of 2001, ... Since the third quarter of 2000, we have taken actions that account for more than one-third of this target, including the reduction of approximately 2,000 jobs worldwide in the fourth quarter. This activity will intensify with the reduction of 4,000 jobs in the first quarter and additional reductions through the balance of the year.
achieving doubt focus found growth last longer operations progress recovery reflect renewed required results reviews situation though time visits
Though disappointing, these results reflect the difficulties found in our visits and reviews of operations around the world over the last two months. There is no doubt that the time required for recovery is longer than previously anticipated. Stabilizing the situation has been our focus and much progress has been made, but achieving renewed growth will take more time.
businesses
Businesses need to be 24/7, ... Individuals don't.
bringing complement experience leader leadership maggie proven record serve serving skills solutions strong talent track xerox
Maggie is an exceptional leader with a proven track record of bringing innovative, technology-based solutions to market. Her experience and strong leadership skills will serve Xerox and its shareholders well and complement the outstanding talent serving on our board.
clearly element improved operations performance plan return stage turnaround
Our performance demonstrates that we have significantly improved our operations and strengthened our liquidity, ... We have consistently and effectively executed on every element of our turnaround plan and have clearly set the stage for a return to full-year operational profitability.
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Our strategy is rock solid, ... That won't change. What will change is our implementation. Execution will be every bit as strong as our strategy.
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Larry has a proven track record as an effective financial executive with balanced experience in global operations, strategic planning, accounting, and internal controls,
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For Xerox to continue building momentum in this uncertain economy, we need to accelerate our drive to improve efficiency while delivering competitive products and services to our customers,
costs direct due encouraged gross impact increased largely profit
While encouraged by annuity growth, I am disappointed in our gross profit decline. This was largely due to increased costs and had a direct impact on our first-quarter earnings.
capturing deals fuel share winning
We're capturing share and winning the deals that fuel long-term gains.
building committed fourth momentum positive quarter returning
we are committed to returning to profitability in the fourth quarter and building on that positive momentum into 2002.
believe clearly return stage
by our first-quarter progress, and believe that we have clearly set the stage for a return to full-year operational profitability.
business commission company issues management steps stronger taken team today turn xerox
The settlement with the commission effectively resolves Xerox's outstanding issues with the SEC, ... Xerox today is a stronger company with a new management team that has taken all the right steps to turn our business around.