Macy's boss Terry J Lundgren has been named as the new chairman of the board of directors of the National Retail Federation (NRF).

Lundgren, the chairman, president and CEO of the department store retailer, was elected during the NRF's 99th Annual Convention and Expo in New York.

He succeeds Myron E Ullman III, the chairman and CEO of JC Penney Company.

Saks chairman and CEO Stephen Sadove was elected to serve as first vice chairman of the NRF's board of directors, succeeding PetSmart executive chairman Phillip L Francis.

Meanwhile, Kip Tindell, chairman and CEO of The Container Store, will serve as second vice chairman, and chairman of the NRF's awards and nominations committee.

Robert M Benham, president and CEO of Balliet's, is the organisation's new corporate secretary, while Polo Ralph Lauren president and COO Roger N Farah is chairman of the finance committee.

All those appointed will serve a two-year term.

"Our impressive board includes a diverse group of retailers, each of whom represents NRF's growing member base," said Tracy Mullin, NRF president and CEO.

"The professionalism and experience of each board member will assure NRF's continued success well into the future."