Antinuclear

Australian news, and some related international items

Tepco’s hopes rest on dubious reform plan, new 77-year-old chief

Fukushima 311 Watchdogs

Former Hitachi chairman to become troubled utility’s chairman in June

20170524-Tepco-77-year-old-chief_article_main_imageIncoming Tepco Chairman Takashi Kawamura, left, speaks at a press conference in Tokyo on April 3, alongside incoming President Tomoaki Kobayakawa and current President Naomi Hirose.

TOKYO — The incoming leadership team at Tokyo Electric Power Co. Holdings. faces an uphill battle. Turning around the struggling utility will require pushing ahead with badly needed reforms and overcoming deep internal divisions.

Takashi Kawamura, a 77-year-old former Hitachi chairman who currently serves as the industrial conglomerate’s chairman emeritus, will become chairman of Japan’s biggest utility, succeeding 76-year-old Fumio Sudo.

Tomoaki Kobayakawa, a 53-year-old Tepco director, will become president, taking over from 64-year-old Naomi Hirose, who will become a vice chairman with no representation rights.

The new team is set to be approved on June 23 at a shareholders meeting.

Difficult target

Tepco, still reeling from the 2011 meltdowns at one of its nuclear…

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June 7, 2017 - Posted by | Uncategorized

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