Who replaces a chairman of the board when they retire?

When a chairman of the board decides they will retire what happens next? Who will replace them or what process/steps are taken to fill that position?

2 Answers

  • Scott
    Lv 7
    2 months ago

    Whomever the board selects as a replacement. It could be someone internal or they may go outside the company.

  • ?
    Lv 7
    2 months ago

    A new chair is nominated by the board or by a major shareholder. Then there is a vote to approve them at the next shareholders meeting.

    If the current chair can't stay until a replacement is confirmed, the board picks a temporary chair.

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