David A. Budd, a resident of Morris Township, has been elected to a two-year term as chairman of the board of the Great Swamp Watershed Association. He succeeds William A. Aiello of Madison as the head of the 20-year-old non-profit environmental organization.

In addition, Robert E. Blanchard of Green Village has been elected vice chairman, succeeding Budd.

As chair, Budd will lead a 22-member board of trustees in setting the long-range goals and strategies of the Watershed Association. A member of the Association since 1988, he has served at various times as its treasurer, chairman of the development and finance committees, and, most recently, vice chairman.

A Harding Township resident for 14 years until last year, he served on that municipality’s Planning Board from 1991 to 2000, and on its Environmental Commission from 1989 to 1998.

Budd is a co-founder and managing director of McConnell, Budd & Downes, Inc., a Morristown-based registered broker/dealer and investment-banking firm. He holds a B.A. degree from Hobart College and an M.B.A.in finance from the Wharton School of the University of Pennsylvania.

Blanchard, the Watershed Association’s new vice chair, is a retired textile and apparel industry executive. A Watershed Association member for XX years, he holds B.S. and M.B.A. degrees from the University of Virginia.

The Great Swamp Watershed Association was formed in 1981 to encourage good management policies and practices on behalf of the 12,000 acres of exceptional public lands in the Great Swamp National Wildlife Refuge and its surrounding watershed. With a membership of 2,500, it conducts programs and projects in three areas: technical services, educational services and community services. For additional information, call 973-966-1900, or visit www.greatswamp.org on the World Wide Web.