Sir Peter Wood, the chairman and founder of Esure, has ruled out launching any new businesses, saying he is "pleasantly full as it is". The comment came after the board recommended a takeover bid worth £1.2bn ($1.5bn) from Bain Capital. The 71-year-old entrepreneur, who founded insurer Direct Line, owns numerous property ventures and is also the chairman of price comparison website GoCompare, said he did not plan to register any new companies in the future. In an interview with BBC Radio 4's Today programme, Wood said that while there was no immediate plan to sell his business, which employs more than 10,000 people, "we are very happy where we are".
Sir Peter Wood, the chairman and founder of Esure, has ruled out launching any new businesses, saying he is "pleasantly full as it is". The comment came after the board recommended a takeover bid worth £1.2bn ($1.5bn) from Bain Capital. In an interview with BBC Radio 4's Today programme, Wood said that while there was no immediate plan to sell his business, which employs more than 10,000 people, "we are very happy where we are".