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 user 2008-11-12 at 3:10:20 pm Views: 38
  • #20743

    Obama chooses Xerox’s Mulcahy for advisory board
    November 2008  – US President-elect Barack Obama has chosen Xerox CEO and chairman Anne Mulcahy to assist him in rescuing the US economy on his 17-member Transition Economic Advisory Board. The board had its first meeting last Friday and has been tasked with helping Obama prepare for his presidency next year.Mulcahy, who has been widely credited with transforming Xerox’s fortunes, joins a number of technology and business leaders. Among them are Google CEO and chairman Eric Schmidt, Time Warner chairman Richard Parsons and Warren Buffett, the richest man in the world and chairman and CEO of Berkshire Hathaway.”Anne’s nomination to this advisory board is acknowledgement of her qualities as a leader and of Xerox’s pre-eminence in the technology market,” says Rob Abraham, MD of Bytes Document Solutions, distributor of Xerox to 24 African countries, and a wholly owned subsidiary of Bytes Technology Group. “Anne has been instrumental in transforming Xerox over the last seven years, and she will have critical insights to help Obama rescue the US economy.”

    The board met for the first time in Chicago last Friday against the backdrop of an automotive industry in crisis, with GM and Ford having burnt through $14.6 billion in cash since August and GM announcing that it is running out of cash. Saving the US auto industry is one of the first tasks confronting Obama.

    Obama’s successful election campaign was premised on the need for fundamental change, and was characterised by positive messaging. As he is of Kenyan extraction, he is expected to focus significant time and energy on Africa.”Anne and Xerox are very committed to the African business market,” adds Abraham. “When we launched the iGen 3, the world’s leading production press in 2004, she made a special effort to meet with potential customers. In addition, Ursula Burns, president of Xerox Corporation, is to visit South Africa later this year.”