Pete Ball has been appointed, subject to regulatory approval, CEO of Foundation Home Loans.

He will succeed Hans Geberbauer, who is to retire from the firm.

Ball (pictured) has over 30 years’ experience working within the financial services sector. He has served as CEO of Together Personal Finance since 2016 and, prior to that, held the roles of CEO of Harrods Bank and Commercial Director at Virgin Money.

He is expected to take up his new role in Q2 2024 and Geberbauer will continue as CEO of the firm until then.

Jon Locke, chairman of Foundation Home Loans’ board of directors, said: “On behalf of the entire board and shareholders, I want to thank Hans for his leadership and his many contributions to the company over the course of two decades. We are pleased to have an executive as experienced and talented as Pete ready to take up the mantle and expect a smooth leadership transition.”

Ball added: “Under Hans’ leadership, Foundation Home Loans has created a great history of listening to customers, putting them first and making the complex simple. I am honoured to have the privilege of being part of the team going forward and look forward to continuing to find and deliver solutions for our customers.”

Geberbauer said: “After more than 20 years at Foundation, I have decided now is the right time for me to retire. With his excellent leadership record and deep experience of specialist lending, Pete is a great candidate to lead Foundation Home Loans into the future.”