Chairman Dr Ziggy Switkowski said Malone is a long-standing and respected member of the telecommunications industry and his experience will “complement the diverse backgrounds and skill sets that exist on today’s nbn board” and help fill the gap created by Hackett’s departure.
“I look forward to Michael bringing new perspectives to the board table, keeping nbn focused upon our customers, valuing innovation, and successfully completing the network build.”
Malone founded iiNet in 1993 and, as chief executive officer for more than 20 years, established the business as a leading internet service provider in the highly competitive Australian market. His experience includes building new companies such as the cybersecurity firm, Diamond Cyber, and board appointments at listed technology and media companies including SpeedCast Limited, Superloop and Seven West Media.
Hackett joined the nbn board as a non-executive director in November 2013 and Dr Switkowski said he has resigned from the nbn to focus fully on his increased responsibilities and active involvement in ASX listed company, Redflow. Hackett is the largest shareholder of Redflow and was recently appointed executive chairman of the company.
Interestingly, Hackett sold the company he founded – Internode- to iiNet in December 2011, and continued as Internode managing director until he joined the iiNet board as a non-executive director in August 2012.
Dr Switkowski acknowledged Mr Hackett’s contribution saying: “Simon has been a critical member of the nbn board bringing deep knowledge of the retail service provider business and a creative entrepreneurial mindset to our deliberations. There are few such individuals who match the specific needs of nbn so well at this stage of its development. We thank Simon for his active and valued contribution since his appointment in November 2013”.
Hackett said, “It is with a sense of regret that I must bid farewell to the nbn team and to my colleagues on the nbn Board. I will greatly miss the experience of being in the midst of something so very pivotal, in a space I care about so much. It has been a privilege to be a part of such an endeavour and I would jump at the chance to return if future opportunity should arise.”