Article: Anne Mulcahy named Xerox Chief Executive Officer "...a proven, dynamic leader who embraces change and anticipates the future.".

M2 PRESSWIRE-27 July 2001-XEROX: Anne Mulcahy named Xerox Chief Executive Officer "...a proven, dynamic leader who embraces change and anticipates the future." (C)1994-2001 M2 COMMUNICATIONS LTD

RDATE:26072001

STAMFORD, Conn. -- The Board of Directors of Xerox Corporation (NYSE: XRX) today appointed Anne M. Mulcahy as president and chief executive officer effective Aug. 1.

Mulcahy, formerly president and chief operating officer, succeeds Paul A. Allaire as chief executive officer. Allaire continues as chairman until his retirement at the end of this year.

"This leadership transition is consistent with the Board's plans developed ...

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