Peter Hill will succeed Ian Ward as chief executive of Leeds Building Society on 10 August.

The change will come after the Society publishes its interim results. He will become only the seventh chief executive in the Society’s 136 year history.

Hill joined the mutual in 2001 as general manager, responsible for developing and implementing distribution strategy across all channels, including the national branch network.

In 2004, he was appointed director of operations and joined the Board as operations director in 2006.

Hill said: “I am extremely proud to be taking over at one of the UK’s strongest building societies. Under Ian’s leadership