16:40 7 January 2014
Ex-JFE Holdings chief Sudo to become TEPCO chairman on April 1
TOKYO, Jan. 7, Kyodo
Tokyo Electric Power Co. announced Tuesday that Fumio Sudo, a former president of steelmaker JFE Holdings Inc., will become chairman of the struggling utility on April 1, replacing Kazuhiko Shimokobe.
Sudo, 72, is considered by the government as a suitable successor because of his wealth of experience in corporate management and his contribution to the reconstruction of TEPCO, ravaged by the devastating Fukushima Daiichi nuclear power plant disaster, as an outside director.
"Mr. Sudo is highly skilled as a business manager...we expect him to exercise his leadership...to deal with the Fukushima plant's decommissioning and conduct bold company reforms," Economy, Trade and Industry Minister Toshimitsu Motegi said at a press conference.
To have fuller access to the Kyodo News website, it is necessary to subscribe. We offer a broad range of subscription options depending on your needs. Learn more.