ID :
183402
Fri, 05/20/2011 - 18:57
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https://oananews.org//node/183402
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TEPCO names managing director Nishizawa as next president
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TOKYO, May 20 Kyodo -
Tokyo Electric Power Co. said Friday it has named Toshio Nishizawa, a managing director of the company, as its new president to replace Masataka Shimizu, who will step down to take responsibility for the country's worst nuclear disaster at its Fukushima Daiichi nuclear power plant.
''I will make all-out efforts to deal with this difficult situation,'' Nishizawa, 60, told a press conference also attended by Shimizu, 66, adding that his priority tasks include seeking to settle the ongoing crisis and to drastically improve the firm's management efficiency.
The appointment, which will be formalized at a board meeting following a general shareholders meeting on June 28, was announced as the company known as TEPCO released a massive net loss in its earnings report for the business year which ended March 31.
The company has decided to keep the number of replacements of its board members ''to the minimum,'' given that TEPCO has extremely important issues to deal with, and will retain Tsunehisa Katsumata, 71, as chairman, Shimizu said.
He also said the company will reduce the number of its board members to 17 from 20.
Shimizu will serve as the company's adviser after stepping down as president, although he added he would not be paid for the job.
Nishizawa, a native of Nagano Prefecture, joined TEPCO in 1975, after graduating from Kyoto University. He has been one of company's managing directors from June 2008.
Shimizu said he thinks Nishizawa is an appropriate successor because of his ''tenaciousness,'' while acknowledging that TEPCO needs to do a better job of taking the viewpoints of its shareholders into consideration.
''I have been in this company for several decades and I feel there is a culture we have to change...which is...the tendency of pushing ahead according to our company's logic,'' he said.
Shimizu has faced criticism over his ability as leader, as he fell ill and was later hospitalized for dizziness during crucial stages of the battle to regain control of the crippled Fukushima plant, which was hit by the March 11 megaquake and tsunami.
TOKYO, May 20 Kyodo -
Tokyo Electric Power Co. said Friday it has named Toshio Nishizawa, a managing director of the company, as its new president to replace Masataka Shimizu, who will step down to take responsibility for the country's worst nuclear disaster at its Fukushima Daiichi nuclear power plant.
''I will make all-out efforts to deal with this difficult situation,'' Nishizawa, 60, told a press conference also attended by Shimizu, 66, adding that his priority tasks include seeking to settle the ongoing crisis and to drastically improve the firm's management efficiency.
The appointment, which will be formalized at a board meeting following a general shareholders meeting on June 28, was announced as the company known as TEPCO released a massive net loss in its earnings report for the business year which ended March 31.
The company has decided to keep the number of replacements of its board members ''to the minimum,'' given that TEPCO has extremely important issues to deal with, and will retain Tsunehisa Katsumata, 71, as chairman, Shimizu said.
He also said the company will reduce the number of its board members to 17 from 20.
Shimizu will serve as the company's adviser after stepping down as president, although he added he would not be paid for the job.
Nishizawa, a native of Nagano Prefecture, joined TEPCO in 1975, after graduating from Kyoto University. He has been one of company's managing directors from June 2008.
Shimizu said he thinks Nishizawa is an appropriate successor because of his ''tenaciousness,'' while acknowledging that TEPCO needs to do a better job of taking the viewpoints of its shareholders into consideration.
''I have been in this company for several decades and I feel there is a culture we have to change...which is...the tendency of pushing ahead according to our company's logic,'' he said.
Shimizu has faced criticism over his ability as leader, as he fell ill and was later hospitalized for dizziness during crucial stages of the battle to regain control of the crippled Fukushima plant, which was hit by the March 11 megaquake and tsunami.
