Xerox has named Ursula Burns as its new chief executive officer, making her the first African American woman to run a Fortune 500 company.
Burns will take over on July 1, 2009, replacing Anne Mulcahy.
The 50-year-old new boss worked her way up the corporate ladder from a summer internship in 1980 to the CEO position. She has also been a member of the board of directors since 2007.
Good luck and godspeed, ma'am.