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MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

It's official: There are now no Fortune 500 CEOs who are black women

Jame Jackson
Ursala Burns (L) and then- Boeing CEO Jim McNerney. listen as U.S. President Barack Obama delivers remarks at a meeting of his Export Council in the Eisenhower Executive Office Building on the White House complex in Washington, September 19, 2013. REUTERS/Larry Downing
Ursala Burns (L) and then-Boeing CEO Jim McNerney (R) listen as U.S. President Barack Obama delivers remarks at a meeting of his Export Council in the Eisenhower Executive Office Building on the White House complex in Washington, September 19, 2013. REUTERS/Larry Downing

Ursula Burns officially stepped down as the CEO of Xerox (XRX) last week as the company split in two. Jeff Jacobson has assumed the role of CEO.

Burns’ departure highlights the lack of diversity in the C suite. There are now no CEOs of Fortune 500 companies who are black women. There are currently only 22 woman CEOs overall, with Indian-born Pepsi CEO Indra Nooyi being the only woman of color.

Burns made history in 2009 by becoming the first black woman to head a Fortune 500 company. She originally joined Xerox as an intern in 1980 and will now serve as chairman of the Xerox board.

Xerox spun off Condulent (CDNT), a business services unit, and will refocus on print technology and hardware. The spinoff and CEO departure were originally announced in May.

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“Today is an historic day for Xerox,” Burns said in a statement on January 3. “The successful completion of the separation sharpens our market focus and commitment to our customers.”

At one point Burns was on Hillary Clinton’s shortlist of choices for vice president, according to emails stolen from campaign manager John Podesta.