I believe we should hold **elections**, where we solicit nominees and vote as per the standard upvote/downvote mechanism on the site. 

The post will be marked *community wiki*, so that votes will not impact a individual's reputation.

Nominations would look roughly like this:

>I, **John Q. Public**, nominate myself as a Ubuntu Stack Exchange moderator. 
>
> I is uniquely qualified for the position because I have done X. 
> If elected, I will promote freedom, justice, and the Ubuntu way.