take the place or move into the position of; "Smith replaced Miller as CEO after Miller left"; "the computer has supplanted the slide rule"; "Mary replaced Susan as the team's captain and the highest-ranked player in the school"
reduce or dispose of; cease to hold (an investment); "The company decided to divest"; "the board of trustees divested $20 million in real estate property"; "There was pressure on the university to disinvest in South Africa"
deprive of status or authority; "he was divested of his rights and his title"; "They disinvested themselves of their rights"