Answer: They resigned due to involuntary departure.
Explanation:
Involuntary departure can happen to an acting CEO in any company. They CEO may have the backing of some of the majority shareholders but only a few can decide to oust them by involuntary departure.
There are several reasons listed why they are ousted such as;
- Unexpected poor performance
- CEO took retirement early
- CEO resigned without knowledge of the board members
- CEO wanted to find new job opportunities.
