abdicates
v. B2 Upper Intermediate US //ˈæbdəˌkeɪts// UK //ˈæbdɪkˌeɪts// ab·di·cates
v. to officially give up a position of power, like a king or queen giving up their throne.
v. to formally renounce a high office, title, or responsibility, especially a monarch relinquishing the throne.
The king abdicates his throne to his son.
After decades of political instability, the president abdicates his position to allow a peaceful transition of power.
By abdicating his responsibilities, the CEO effectively handed the company over to a board of directors, signaling a significant shift in the firm's strategic direction.