Player Embed Code: Download Embed Share Austin Speaks at Chief of Naval Operations Relinquishment of Office Defense.gov Aug. 14, 2023 | 01:08:36 Secretary of Defense Lloyd J. Austin III speaks at the relinquishment of office ceremony for Chief of Naval Operations Adm. Mike Gilday at the U.S. Naval Academy in Annapolis, Maryland. Navy Adm. Lisa Franchetti, the vice chief of naval operations, will become the acting CNO. Her nomination to succeed Gilday is on hold in the Senate.