SANTA FE, N.M. — The Latest on the election of Alan Webber as mayor of Santa Fe, N.M. (all times local):

10:40 a.m.

Entrepreneur and Santa Fe Mayor-elect Alan Webber says local government is at an important transition point as the nation’s oldest state capital city adapts to the pressures of being an international destination.

Webber spoke Wednesday about what comes next after winning his first election to public office in a five-way race against a local school board member and three men on the city council.

He says Santa Fe is simultaneously a small and intimate community and a world-class destination and that city government must transform itself to honor the past and plan for the future.

Webber will be the first to lead Santa Fe under a new strong-mayor system, with a nearly quadrupled salary of $110,000. He is the founder of Fast Company Magazine and was supported by business interests, unions and prominent New Mexico politicians including a district court judge and the Democratic mayor of Albuquerque.

1 a.m.

Publishing entrepreneur Alan Webber has been elected mayor of New Mexico’s state capital city.

City Clerk Yolanda Vigil announced Tuesday that Webber won a majority of ballots after four elimination rounds in the city’s first election by ranked choice voting.

Webber, the founder of Fast Company Magazine, prevailed against a local school board member and three members of City Council.

Santa Fe voters ranked party candidates from first to last on the ballot, in order of preference.

When no candidate won a majority in the first round, the last-place finisher was eliminated and voters’ second choices are applied to the remaining candidates. The process was repeated until Webber won a 66 percent majority in the final round.

Outgoing Mayor Javier Gonzales did not seek re-election.