Hokkaido Electric Announces Change of President

Economy Society

Sapporo, April 25 (Jiji Press)--Hokkaido Electric Power Co. <9509> said Thursday that Executive Vice President Yutaka Fujii will be promoted to president of the regional power supplier on June 26.

The current president, Akihiko Mayumi, will step aside to the post of chairman while retaining his right to represent the firm.

The top management reshuffle comes at a time when the company is coming close to fully putting measures to prevent a repetition of massive power outages into place after blackouts occurred in most parts of Hokkaido, its service area, soon after a powerful earthquake hit the northernmost Japan prefecture last September.

The new management team led by Fujii, 63, is poised to redouble efforts to reactivate the company's Tomari nuclear power station and weather the fierce competition brought on by the full liberalization of electricity retail business in the country in April 2016.

This will be the first change in Hokkaido Electric's president in four years and nine months.

[Copyright The Jiji Press, Ltd.]

Jiji Press