Kansai Electric Power Co. announced that Sadayuki Sakakibara, former chairman of the Japan Business Federation (Keidanren), will become chairman of the company. He will take up the post after a general meeting of Kansai Electric shareholders in June, working to reconstruct the company serving the Kansai region of western Japan. He will take up the post after a general meeting of Kansai Electric shareholders in June, working to reconstruct the company serving the Kansai region of western Japan. The post of chairman is now vacant. Sakakibara became president of Toray Industries Inc. in 2002 and led the firm's business growth by fostering its operations related to carbon fiber for aircraft into one of its core areas. He served as Keidanren chairman in 2014-2018.