LIHUE — Dennis Esaki, director of Kauai Island Utility Cooperative, resigned from the KIUC board of directors, effective Oct. 31, due to personal and professional reasons.
Esaki, who was a founding KIUC board member and former chairman of the board, was first elected to the board in 2003. He was appointed to the board after a one-year hiatus in 2005 and reelected in 2008. Esaki resigned from the board in 2009 citing an appearance of conflict of interest. He ran for the board in 2015 and was elected.
In his resignation letter, Esaki wrote, “KIUC has come a long way from zero equity to about $100 million in equity and returning $25 million to the members thanks to the vision and work of the founders, the partners/associates, staff and directors.”
“I believe that I have gained a lot more than I have given, including the friends that I have made throughout the nation.”
Under the cooperative’s bylaws, vacancies for unexpired terms on the board are filled by an appointment by the remaining directors. Esaki’s term expires in 2018.