Xerox Chief Joining Washington Post Co. Board
The Washington Post Co. today named Xerox chairman and chief executive Anne M. Mulcahy to its board, expanding the number of company directors to 11. Mulcahy, who has run Xerox since 2001, also serves as a director at discount retailer Target and financial services giant Citigroup. (See company statement.)
The company also announced an increase in its annual dividend rate, to $8.60 per share from $8.20 per share. Its dividend for the first quarter will be $2.15 per share, up from $2.05 per share, and will be payable on Feb. 8 to shareholders of record as of Jan. 28.
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