Hilary Devey has quit the BBC show Dragons’ Den after signing an “exclusive” deal to front her very own programme on Channel 4.
The entrepreneur, a self made millionaire who set up the Pall-Ex freight network, is to star in the new show which has a working title of The Intern.
The show will see Hlary oversee the progress of would-be business people to determine if they have what it takes to make it in their chosen profession.
The 55-year-old, who has signed a two-year exclusive deal with Channel 4, said she can’t wait for the new challenge.
She said: “I am thrilled and excited by the prospect of working with Channel 4. The formats for my new shows are fantastic and I'm sure they will prove compulsive viewing."
A spokesperson for the BBC said: “Hilary has been a formidable Dragon in the Den and we're sorry to see her go.
"She will be breathing fire throughout the new series of Dragons' Den coming up in the autumn on BBC Two."
It is understood that the BBC could not compete with the money being offered by Channel 4.