Make sure that the coordinator is no longer running before you replace it.
Once the server starts, the failover process is complete and the designated failover node is the new coordinator node. After failover, on the next transaction, other secondary servers recognize the new coordinator and connect to it for all read-write transactions. The former coordinator becomes a reader and can be started as a regular secondary node once you synchronize it against the new coordinator.
To perform failover using Sybase Control Center, see the Sybase Control Center for SAP Sybase IQ online help in SCC or at http://sybooks.sybase.com/sybooks/sybooks.xhtml?prodID=10680.