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Hutchison AU, Telecom NZ lose directors

Hutchison AU, Telecom NZ lose directors

ASX-listed telecom companies Hutchison Australia (ASX:HTA) and Telecom NZ (ASX:TEL) have both announced the resignation of directors from their respective boards.

Roderick Snodgrass, director of Hutchison Australia, resigned today. He has been replaced by Ronald Spithill, who is also a director at Telecom NZ.

Spithill has a long history in telecoms, having previously served in roles such as president of the Asia Pacific unit of Alcatel (now Alcatel-Lucent), vice chairman of Alcatel Shanghai Bell, and president of the Telecommunications Industry Association of Australia.

Hutchison Australia is the joint owner of mobile venture Vodafone Hutchison Australia (VHA).

Telecom NZ meanwhile revealed that director Saicho Semmoto has resigned from its board for health reasons.

Semmoto, who took his seat in March 2009, has decided a medical condition will prevent him from participating fully as a director, the company said.

There are currently no plans to appoint a replacement, according to chairman Wayne Boyd.

“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.”

Telecom NZ has proposed to participate in the New Zealand government's national high-speed fibre rollout, but has so far not been chosen as a partner in the project, and missed out on first-round negotiations.

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Tags TelecommunicationsTelecom NZASX:TELHutchison AustraliaWayne BoydASX:HTARonald SpithillRoderick SnodgrassSaicho Semmoto

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