• Kyodo

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Tokyo Electric Power Co. said Tuesday it will promote managing director Naomi Hirose as the next president of the ailing utility, which is expected to be effectively nationalized as it struggles to cope with the Fukushima No. 1 nuclear plant crisis that started last year.

The 59-year-old executive is in charge of compensation issues related to the catastrophe and has apparently received recognition for firmly handling his job. The promotion was decided at an extraordinary board meeting.

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