Hilary Devey is leaving BBC's Dragons' Den to pursue a new business-based television project on Channel 4.
The 55-year-old palette magnate, who replaced James Khan on the BBC2 series in 2011, has signed a two-year exclusive deal with Channel 4 to front The Intern – a format that will see her attempt to secure internships for candidates in companies.
Devey, who made her estimated £50m fortune in the freight haulage business, will appear for the final time alongside Duncan Bannatyne, Peter Jones, Deborah Meaden and Theo Paphitis in the upcoming series of Dragons' Den before beginning work on The Intern.
Channel 4's chief creative officer Jay Hunt said: “Hilary is not only an exceptional businesswoman but an unforgettable TV presenter. I am thrilled she is joining Channel 4.”
Devey 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 BBC spokesperson said: "Hilary has been a formidable Dragon in the Den and we're sorry to see her go.”