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One of the directors of a company is being appointed as chairman. He shall remain so for his life term. Is there a particular term/word to describe a person holding a position or office for life?

  • i've heard it called a 'lifer' – JMP Sep 13 '17 at 9:21
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lifetime appointments

Example:

There's actually nothing in the Constitution that explicitly promises federal judges "lifetime appointments."

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    Sorry @Rahul, you posted your answer just as I was typing. +1 – ArchContrarian Sep 13 '17 at 9:27
  • @ArchContrarian: Happens more often. – Rahul Sep 13 '17 at 9:27
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In academia, this is called being tenured.

http://www.dictionary.com/browse/tenured

That term isn't normally used in business, but the meaning would be unambiguous if used of a company chairman.

Elsewhere, whole-life-term appointments can be shown by just prefixing "life", for example a "life peer" in the UK's House of Lords.

However, the most standard way of expressing this is a phrase, rather than a single word: lifetime appointment

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