The announcement was last month, and is fully reported online by ABC Newspapers, here. Leaving the story at giving the link is not to suggest it is minor news. Policing is one of the key functions of local government, (unlike real estate purchase and development in competition against private sector developers).
The full detail on Chief Way is in Eric Hagen's linked report, so check it out.
Presumably the Council will be working to hire Way's replacement through the Personnel Committee, and full council. If any reader has any more current info than in the linked ABC report, please leave a comment.