The President of the United States has issued a memorandum detailing the order of succession for the Chief Executive Officer (CEO) position at the United States International Development Finance Corporation (DFC). If the CEO is unable to fulfill their duties due to death, resignation, or other reasons, a specific list of officials will take over the role, starting with the Deputy Chief Executive Officer. The memorandum also notes that individuals in these roles on an acting basis cannot become acting CEO, and it revokes a previous memorandum from January 2021. Additionally, the President retains the authority to choose a different acting CEO if needed.
Simple Explanation
The President made a new plan for who should take charge if the leader of a special government office called the DFC can't do their job. If this happens, a person called the Deputy will step in, but the President can also choose someone else if needed.