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Business

Tepco to lay out turnaround path by 2019

New chairman wants to see the utility become a 'normal' company that 'earns money'

TOKYO --  Tokyo Electric Power Co. Holdings' new chairman is eager to turn the utility into "a normal company" that generates profit and gives back to society.

Chairman Takashi Kawamura, who took the position in late June, commented on the turnaround plan compiled in May in a recent interview. "One of the goals is to set a clear direction for a turnaround by 2019," said Kawamura. "We aim to create an organization with clearly defined responsibility and authorities."

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