(From Bloomberg Report)

Burns, 50, will become chief executive officer on July 1, ending the eight-year run of Anne Mulcahy, who will stay on as chairman. Mulcahy, 56, named Burns president in 2007, almost three decades after Burns joined Xerox as a summer intern.

Burns will be one of about 15 women who lead Fortune 500 companies and her ascension will mark the first female-to-female transition, according to Fortune. Her promotion cements her status as the most powerful black woman in the corporate world.

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I can’t readily reverse engineer this hustle but this sh*t is tiiiiiight!