noun, noun or participle which takes 'suru', intransitive verb
resignation; stepping down; retirement
Formal term for leaving an official position, such as a company executive, board member, or public official. Often used in business and political contexts.
社長が健康上の理由で退任した。
The company president stepped down for health reasons.
取締役を退任する意向を表明した。
He announced his intention to resign from the board of directors.