The departure of British Nuclear Fuels Ltd. Chief Executive John Taylor should help restore Japanese customers' confidence in the scandal-ridden company, according to a British utilities analyst.
Nigel Hawkins, from London-based brokerage Williams de Broe, predicts that a new boss will be an important factor in helping the company rebuild its image in the eyes of Japan's utilities.
BNFL confirmed earlier this week that Taylor is to leave the company. It refused to say whether he had resigned or been sacked.
The move follows a damning report by Britain's Nuclear Installations Inspectorate on Feb. 18 that found "systematic management failings" at the company's plant in Sellafield, northwestern England.