(a) Directors of the Board of Directors of the Division of Science and Technology of the Arkansas Economic Development Commission shall annually elect from their membership one (1) member as chair, one (1) member as vice chair, and one (1) member as secretary.
(b)
(1) The Executive Director of the Arkansas Economic Development Commission may also employ such other officers and employees as he or she may deem necessary.
(2) Any such officer shall be eligible for selection to succeed himself or herself.