Some big changes are in store for the boardroom of the company that operates the Fukushima Daiichi nuclear plant. A planned reshuffle at Tokyo Electric Power Company Holdings is aimed at speeding up work at the crippled plant and moving ahead with business reforms.
The government owns a majority of the shares in TEPCO Holdings, giving it effective control. The company faces a decades-long task of decommissioning the melted down reactors and paying compensation.
Sources say government officials are now putting the finishing touches on a plan to replace Chairman Fumio Sudo. Taking his place will be Takashi Kawamura, chairman emeritus of electronics-maker Hitachi.
TEPCO Holdings President Naomi Hirose will become vice chairman and he's going to focus on efforts to help revitalize Fukushima Prefecture.
Tomoaki Kobayakawa, who heads the group's retail unit, will be taking over his job. TEPCO plans to hold a board meeting as early as Friday to formally approve the new lineup.
TEPCO to reshuffle top management, promote Kobayakawa to president