President Barack Obama on Monday tapped Xerox Chief Executive Ursula Burns to help lead an education initiative aimed at helping students excel at science, technology, engineering and math.
The so-called STEM initiative will be led by Burns, former Intel Corp. CEO Craig Barrett, Time Warner Cable Inc. CEO Glenn Britt and former astronaut Sally Ride.
Burns, a mechanical engineer, joined Xerox as a student intern nearly 30 years ago and became CEO in July.
She said in a statement that companies like Xerox depend on the fresh ideas of people to succeed.
"If we inspire young people today, we secure our ability innovate tomorrow," she said.
Xerox shares were up 9 cents, or 1.2 percent, at $7.92 in late trading Monday.