Telecom has announced that Sachio Semmoto is to resign from its board, effective immediately.
A statement from Telecom reads: "Dr Semmoto, who was appointed to the Telecom board in March 2009, has decided that, due to a recent health condition, he is no longer in a position to participate fully as a director of Telecom."
The statement quotes Telecom chairman Wayne Boyd as saying: “Dr Semmoto has brought a unique mix of entrepreneurial and technological skills to the Telecom board and it is with regret that I have accepted his resignation."
Boyd said no replacement director is planned at this stage.
“Given the uncertainty the company faces due to the government’s Ultra-fast Broadband initiative, it is not appropriate currently to appoint a new director."
Semmoto was appointed to the Telecom board in March 2009. Ironically, in 2005, he criticised the then-state of New Zealand's broadband to former Prime Minister Helen Clark, and also expressed reservations at a Tuanz event in 2008.