• Kyodo

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Tokyo Electric Power Company Holdings Inc. (Tepco) is considering tapping Yoshimitsu Kobayashi, who headed a major business lobby, to become the utility’s chairman as it continues with decommissioning the damaged Fukushima nuclear plant, sources familiar with the matter said Thursday.

Tepco is said to be making final arrangements with the government to name Kobayashi, former head of the Japan Association of Corporate Executives and now chairman of Mitsubishi Chemical Holdings Corp., to the post, according to the sources. As a major shareholder, the government has a say in Tepco’s operations.

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