Wood today told the Evening Standard that initial talks first started in April in Palm Beach where he has a property business. Sir Peter , 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 ($ 1.2bn ) from Direct Line . Sir Peter Wood , who owns a 20% stake in the company, will continue in his role as chairman after the company is sold.
Sir Peter , 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 ($ 1.2bn ) from Direct Line . Sir Peter Wood , who owns a 20% stake in the company, will continue in his role as chairman after the company is sold.