Sec. 5. (a) The board shall elect a member serving under section 2(a)(5) of this chapter to be the presiding officer of the board. The member elected under this section is the presiding officer of the board until the earlier of the following:
(1) The date the member's term expires.
(2) The date the member is replaced as presiding officer by the board.
(b) The board may elect other officers for the board from the board's membership.