Sir Alan Sugar Quits Amstrad

by | 02 July 2008
0
0
Subscribe to Sir Alan Sugar alerts

Apprentice star Sir Alan Sugar is stepping down as chairman from Amstrad, the electronics company he founded in 1968.

Sir Alan said he is quitting after his company was acquired by Sky last year in a £125 million deal.

However, he is not retiring yet and the 61-year-old will remain involved in his other ventures, which include Amshold, Amsprop, Amsair and Viglen computers.

He will also be back on television next year for a fifth series of The Apprentice.

Last week, he also refused to rule himself out as a possible candidate for the next London mayoral election, due to be held in 2012.

Sir Alan said: "This is a move that has been planned for a while and it's the right time for me to step down from my role at Amstrad.

"The past 40 years have seen Amstrad grow from a start-up business to the success story that it is today, which is credit to the talented and loyal team here."

Entrepreneur Sir Alan, the son of an East End tailor, left school at the age of 16 and founded Amstrad, which stands for Alan Michael Sugar Trading.

His firm was an early manufacturer of personal computers and was first listed on the London Stock Exchange in 1980.

By 2007, Amstrad was developing set-top boxes for BSkyB, which then bought out the company.

Sir Alan has achieved a net worth of £830 million and was ranked 92nd in the 2008 Sunday Times Rich List.


02/07/2008 10:32:50


Contactmusic

Tags: Sir Alan Sugar - The Apprentice

0
0
Subscribe to Sir Alan Sugar alerts
Advertisement

More Sir Alan Sugar

You're Retired! Nick Hewer To End His Ten Year Stint On 'The Apprentice'

It is, with regret, that we have to tell you Nick Hewer has resigned as Alan Sugar's confidante on British business competition show 'The Apprentice'...

Countdown Host Nick Hewer's Watch Stolen by Tourist

The right hand man of Lord Alan Sugar, Nick Hewer has hosted Countdown for the past two years, but he might be struggling to keep...

Phil Everly Remembered By Sir Tim Rice, Nancy Sinatra, Eric Idle And More Following Passing

Phil Everly sadly passed away on Friday, 3 January, leaving the entertainment world in shock at the sudden and unexpected passing of one half of...

Record Low Viewing Figures Haunt Leah Totton's Apprentice Victory

This year’s Apprentice winner has been chosen – Leah Totton is a doctor, who hopes to open a high street chain of clinics, offering cosmetic...

Advertisement

The Apprentice Winner Crowned, But Is It Leah Or Luisa?

It was the kind of edge-of your-seat TV that the BBC's The Apprentice provides so well - editing as clunky as ever - as the...

The Apprentice: After This Week's Firing The Show Gets Serious

Alex Mills was this week's latest boardroom casualty, after failing to impress Lord Sugar on this week's ready meals task. Fans of such classic moments...

Tim Stillwill Fired! The Apprentice Has A New Favourite

Early signs pointed to Mexican food entrepreneur Tim Stillwell being a strong competitor in this year’s series of The Apprentice, but that shows how accurate...

The Apprentice Returns: Is Alan Sugar Really Bored Of All Those Clichés?

As The Apprentice returns, the effortlessly grumpy Lord Alan Sugar was at pains to avoid talking about his recent court case against a former Apprentice...

Advertisement

Comments

Sir Alan Sugar Newsletter

Subscribe to this news alert service to receive news and reviews on Sir Alan Sugar

Unsubscribe | Unsubscribe All