Tokyo Correspondence - TEPCO, the Tokyo Electric Power Company owns and operates the nuclear power plant in Fukushima, announced Friday, May 20, the resignation of its CEO Masataka Shimizu. Hotly contested for his erratic management of the nuclear crisis, which began on March 11, Mr. Shimizu would be replaced in late June, when the general meeting of shareholders, by Toshio Nishizawa, current CEO of the company.
The group's president, Tsunehisa Katsumata, will leave his post, too, once the crisis is resolved. Mr. Shimizu has made 2008 the head of Tepco - a company where he spent his entire career - with a reputation as a "hunter costs" and a fervent advocate of nuclear power. He wanted to "make a business Tepco powerful and reliable" and "make safer nuclear plants." His handling of the accident caused the earthquake and tsunami of March 11, 2011, lies and contradictions of communication on the actual severity of the crisis, added to its virtual disappearance for nearly a month - because of overwork, according Tepco - have seriously undermined his image.
His few trips in areas subjected to radioactive contamination of the prefecture of Fukushima, apology accompanied by lip service, failed to improve. The announced departure of CEO in addition to the losses of the Group for the 2010 fiscal year ended March 2011. A 1 247 billion yen (10.7 billion euros), they reach a record level since its inception in 1951 TEPCO.
This amount includes the cost of regaining control of the plant, the decommissioning of the four engines destroyed and the restart of thermal power generation. For the year 2011 which began on 1 April, the company expects further losses due to compensation of victims of nuclear accidents, the government should help fix.
TEPCO has also dropped plans to build two new reactors in Fukushima, without specifying what it would be destroyed and the two non-stop today. Philippe Mesmer Article published in the edition of 21.05.11 
The group's president, Tsunehisa Katsumata, will leave his post, too, once the crisis is resolved. Mr. Shimizu has made 2008 the head of Tepco - a company where he spent his entire career - with a reputation as a "hunter costs" and a fervent advocate of nuclear power. He wanted to "make a business Tepco powerful and reliable" and "make safer nuclear plants." His handling of the accident caused the earthquake and tsunami of March 11, 2011, lies and contradictions of communication on the actual severity of the crisis, added to its virtual disappearance for nearly a month - because of overwork, according Tepco - have seriously undermined his image.
His few trips in areas subjected to radioactive contamination of the prefecture of Fukushima, apology accompanied by lip service, failed to improve. The announced departure of CEO in addition to the losses of the Group for the 2010 fiscal year ended March 2011. A 1 247 billion yen (10.7 billion euros), they reach a record level since its inception in 1951 TEPCO.
This amount includes the cost of regaining control of the plant, the decommissioning of the four engines destroyed and the restart of thermal power generation. For the year 2011 which began on 1 April, the company expects further losses due to compensation of victims of nuclear accidents, the government should help fix.
TEPCO has also dropped plans to build two new reactors in Fukushima, without specifying what it would be destroyed and the two non-stop today. Philippe Mesmer Article published in the edition of 21.05.11
- Report: President of Japan's troubled TEPCO resigning (19/05/2011)
- JAPAN: TEPCO CEO stepping down (20/05/2011)
- Tepco's president steps down over nuclear crisis - Washington Post (20/05/2011)
- Tepco president resigns over Japan nuclear crisis - Telegraph.co.uk (20/05/2011)
- Report: President of Japan's troubled TEPCO quitting (20/05/2011)
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