TEPCO Chairman Kawamura's retirement decided to be vacant for the time being 18:59 on April 30

TEPCO has decided on the personnel to retire Chairman Takashi Kawamura, who has been promoting management reforms for about three years. After the accident at the Fukushima Daiichi Nuclear Power Station, the chairmanship, which had been held by top executives of a major company, will be vacant for the time being.

TEPCO held a nominating committee on the 30th, and decided at the June general meeting of shareholders that Chairman Takashi Kawamura will retire.

After serving as chairman of Hitachi, Ltd., Chairman Kawamura took office as chairman of TEPCO three years ago, aiming to improve profitability in addition to compensation for the accident at Fukushima Daiichi Nuclear Power Station and decommissioning. I have been involved in management reforms.

The chairman of TEPCO was appointed by a lawyer and a person with top experience with a large company after the nuclear power plant accident, but the selection of successors is difficult, and the chairman's position will be vacant for the time being.

On the other hand, Chairman of the Board of Directors, who has also served as Chairman of the Board, will be Mr. Matsuei Utsuda, who is currently the Outside Director of TEPCO, after serving as President and Chairman of a major trading company, Mitsui & Co.

Since Kawamura Chairman "efforts in determining the retirement is a need also continue efforts in the mid-road, but that was with the prospect of two or three years until the .80-year-old has realized that toward the steadily good direction , I thought it would be desirable to retire and take a new chairman to steer the board of directors. "

In addition, Mr. Yasuda, who will become the new chairman of the Board of Directors, commented, "We will perform supervision of highly effective management and will firmly fulfill our responsibility to contribute to the sustainable value improvement of the TEPCO Group." .