(1)    Required officers.

      (a)    The board shall elect a chairperson and one or more vice-chairpersons.

      (b)    Except as provided in sub. (3), the board shall elect or appoint a records officer and a financial officer.

   (2)   Chief executive and additional officers. The board may employ a chief executive officer to manage the day-to-day affairs and business of the cooperative. The board may elect additional officers as the articles or bylaws authorize or require.

   (3)   Records officer and financial officer may be combined. The offices of records officer and financial officer may be combined.

   (4)   Officers that shall be directors and members. The chairperson and first vice-chairperson shall each be a director and member. The financial officer, records officer, and additional officers need not be directors or members.