The government of Japan has chosen an advocate of the utility industry, Kazuhiko Shimokobe, as Chairman of Tepco in Tokyo.

New Chairman appointed to Tepco

The move is seen as a last-ditch attempt to keep Tokyo’s drive to restructure the utility on track.

The 64-year-old Shimokobe, is a bankruptcy lawyer who heads the Nuclear Damage Liability Facilitation Fund state bailout facility.

The drive for changes at the utility appeared on the verge of falling apart because of the difficulty of finding willing candidates.

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