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Xerox CEO announces $2 million commitment to RIT

Xerox Chairman and CEO Anne Mulcahy, RIT’s 2004 Convocation speaker, gave encouragement to graduates and a boost to the university during her visit May 21.

At Convocation, Xerox Chairman and CEO Anne Mulcahy encouraged 2004 graduates to become a positive force for change.

Her company is awarding RIT $2 million to help fund innovation in technology, leadership development and efforts promoting diversity. Following the announcement, President Albert J. Simone conferred an honorary doctorate of humane letters on Mulcahy, citing her leadership in Xerox’s transformation and her example as one of only six women to serve as CEO of a Fortune 500 firm.

“For the past 50 years, Xerox and RIT have built a lasting partnership,” Simone stated. “Based on the exciting new direction of Xerox, and consistent with our First in Class Program of industry and government partnerships, we are now recharging our relationship with Xerox.”

Mulcahy used the occasion to encourage RIT’s 3,500-plus 2004 graduates to embrace change. She reflected on her graduation from college in 1974, stating that there were no women CEOs to serve as an example during that era.

She also urged the audience to to make a positive difference in the world and to reflect fondly on their educational experience.

“Allow yourself to bask in the glory of what you’ve accomplished. And pledge to yourself that you will cherish what you have learned here, and use it as a foundation to build a wonderful life."