Ormond also claimed that the chairman Deryck Shaw's position is now "untenable".
His decision could be a catalyst to spark others on the board to act.
"I have resigned from the board of NZF," said Ormond in a statement sent to the board.
"As is now a matter of public record, the recent NZF review also comprised a confidential briefing to the board about matters which fell within the purview of the review but which cannot be published by NZF or the reviewer due to legal constraints, including obligations of confidentiality."
"I formed the view that when read together with the published portion, that the position of the chair, and potentially the board itself was untenable. The collective duty of a board has essentially made this a conscience vote. I respect those board members who prefer to act from the inside to effect change."
It's a significant move, and the first time in years, possibly decades, that a serving board member has resigned in such a fashion.
The Herald understands that some other board members are now considering their positions.
Some are believed to still support Shaw, but others believe that the long-time chairman should step down in light of the review.
There is also an emerging feeling among other football stakeholders amongst the Federations that the entire board should stand for re-election, given the extraordinary circumstances of the last three months.
The review, which was released last Wednesday, contained both explicit and implicit criticism of the board.
The most damming related to the lack of board action around allegations and concerns raised by the Football Ferns and members of the Ferns management team around the conduct of former coach Andreas Heraf.
But of probably equal concern are the circumstances around former CEO Andy Martin.
There were a plethora of issues raised over Martin – reviewer Phillipa Muir admitted she received "strong feedback" from a number of people she interviewed – but the terms around Martin's departure from NZF were confidential which meant it couldn't be reported on in the review.
Nevertheless, despite that not being made public, the failure of the Board to manage Martin's performance, or hold him to account, on various issues over the last few years could ultimately be damning.
Ormond was one of three new members voted onto the board at the NZF Congress at the end of May, along with Garry Carnachan and Johanna Wood.
At the time it was seen as a coup for change, especially as long time councillor Sue Griffin and NZF vice president Michael Anderson was voted off at the same time.
The new trio weren't part of the board for the period covered by the review, but Ormond clearly believes all should be accountable.
Ormond is an Auckland merchant banker with strong footballing bloodlines. Grandfather Bert captained the All Whites in the 1960s, while uncle Duncan and father Ian also played for the national team in the 1970s.
