Let' see the meaning of the given words:

While ‘titular’, ‘former’ and ‘nominal’ are possible options for

the first blank, ‘competition’ is totally out of context for the second

blank.

Now we are down to two choices, (B) or (D). One does not ‘have pride’ but ‘takes pride’ in the formulation of company policy.

Moreover, the sentence subtly indicates a non-appreciative tone in reference to the head of the organization.

Hence, option (D) would fit the blank.