Dragon James Caan replaced by Secret Millionaire

James Caan is being replaced on 'Dragon's Den' by Hilary Devey.

The multi-millionaire announced he was quitting the entrepreneurial show last month to focus on his charity The James Caan Foundation and his recruitment company business.

The BBC has now revealed Hilary will be taking his place alongside Peter Jones, Duncan Bannatyne, Theo Paphitis and Deborah Meaden when the series returns on BBC Two later this year.

The 56-year-old businesswoman made her fortune from her company Pall-Ex - an award-winning company specialising in pallet goods transportation - and is no stranger to television having appeared on Channel 4's 'Secret Millionaire' and Channel Five's 'The Business Inspector'.

She has won numerous awards during her career, including the Ernst & Young Entrepreneur of the Year prize in 2007 and the British Chamber of Commerce Entrepreneur of the Year accolade in 2008.

Hilary also supports several charities and works closely with The Princess Royal Trust for Carers and The Stroke Association.