PALM BEACH, Fla. — The National Association of Chain Drug Stores elected a new chairman this weekend at the NACDS Annual Meeting here.

Martin Otto

Martin Otto, chief merchant and chief financial officer at food and drug retailer H-E-B, will serve as the new NACDS chairman of the board of directors, succeeding Randy Edeker, chairman, chief executive officer and president of Hy-Vee Inc.

For the 2016-17 term, NACDS also elected two other officers, as well as two new Executive Committee members and six new board members at the Annual Meeting, which runs through Tuesday.

Alex Gourlay, president of Walgreens, was named vice chairman, and Mark Panzer, senior vice president of pharmacy, health and wellness at Albertsons Cos., was appointed treasurer. Each will serve a one-year term.

“It is a pleasure to welcome Martin as chairman of the NACDS board of directors,” NACDS president and CEO Steve Anderson said in a statement. “Martin has generously and energetically contributed his leadership to NACDS as a member of the board and as an officer, and the entire H-E-B team has a legacy of strong engagement in all facets of NACDS’ work.”

Elected as Executive Committee members were Panzer and Carmen Bauza, senior vice president and general merchandise manager at Walmart.

Six new board members were also elected to serve three-year terms: Rick Keyes, president at Meijer Inc.; Chris Lane, senior vice president at Wakefern Food Corp./ShopRite; Andre Persaud, executive vice president of retail at Shopko Stores Operating Co.; George Riedl, senior vice president and president for health and wellness at Walmart; and David Vucurevich, chief operating officer at Genoa.

Overall, the NACDS board has 26 members, who develop the association’s policies and priorities.