Tokyo Electric Power Company Holdings (Tepco) said Thursday that it has appointed Keisuke Yokoo, president of government-affiliated Japan Investment Corp., as its new chairperson.

He will take office after being approved at Tepco's annual general shareholders meeting in June, succeeding its current chairperson, Yoshimitsu Kobayashi.

Yokoo, 74, will be the fifth person in a row to serve as Tepco chairperson from outside the power supplier and the first from the financial industry.