That would also be wrong. If you will checks Paul's letters to Timothy and Titus, you will find that he sent them to appoint Elders/Bishops in every church. There is no scripture which states that Paul ever personally appointed an Elder/Bishop. Sorry, it is just not there.
Check out 2 Timothy 1:6:
For which cause I admonish thee, that thou stir up the grace of God which is in thee by the imposition of hands. [i.e., ordination]