McLeod replaced David Peterson who had resigned after the party lost the 1990 provincial election and he failed to retain his seat.
The leadership convention was held to replace David Peterson who resigned after the party lost the 1990 provincial election.
Initially, Robert Nixon was appointed as interim leader but he resigned on July 31, 1991, to take a federal patronage position to conduct a review of Atomic Energy of Canada Limited.
The leadership race officially began on November 7, 1991, 90 days before a convention, which was held on the weekend of February 7–9, 1992, in Hamilton, Ontario.
They were Charles Beer, Murray Elston, Steve Mahoney, Lyn McLeod, David Ramsay, and Greg Sorbara.