Squads are built around their members, not their leadership. A good cohesive squad will instantly rally when a CO becomes unavailable and rebuild. It happened to the 80th once already and our old CO took the chance of returning to a completely different squad. Unfortunately for him, we are still a bunch of augering losers that don't take bases.
Suffice to say, the squad belongs to the members, not the man. More so when the man is vacant for a period of time. Twitchy, let the Pigs have the name and find new people to hang around with and rebuild. You obviously have the experience to recreate a large independently functional squadron, use the experience to improve on your previous design.