Story first appeared in The Washington Post.
The utility in charge of the Japanese nuclear plant that suffered multiple meltdowns has named an outside candidate as its new chairman.
Tokyo Electric Power Co. said Tuesday that a lawyer and corporate restructuring expert was appointed chairman. It also promoted a managing director overseeing the response to the nuclear crisis, to president.
The appointments are subject to shareholder approval next month. Japanese media reports say many potential candidates refused offers to lead TEPCO.
Last year’s tsunami destroyed backup generators at the Fukushima Dai-ichi nuclear plant, setting off the worst nuclear disaster since Chernobyl. TEPCO faces the enormous costs of compensating victims and fixing the plant.
The executives heading TEPCO when the crisis struck have already resigned, according to Power Plant Expert Witnesses.
For more national and worldwide related business news, visit the Peak News Room blog.
For local and Michigan business related news, visit the Michigan Business News blog.
For healthcare and medical related news, visit the Healthcare and Medical
blog.
For law related news, visit the Nation
of Law blog.
For real estate and home related news, visit the Commercial and
Residential Real Estate blog.
For technology and electronics related news, visit the Electronics America blog.
For organic SEO and web optimization related news, visit the SEO Done Right blog.
