Xerox welcomes Ursula Burns, first black female CEO of Fortune 500 company

Changes in the corner office come a dime a dozen, especially during this time of economic turmoil, but there is one on the horizon that is a testament to how far our nation has come since the Civil Rights and Women's Rights movements.

On Thursday, Anne Mulcahy, who earlier this decade spearheaded a multibillion-dollar turnaround at Xerox (XRX), announced that she would retire but would remain chairman of the board. Filling Mulcahy's spot is Ursula Burns, a Xerox veteran, who may soon become a household name.