Gerry Sweeney, the Chief Financial Officer (CFO) of Quiz, is leaving after more than eight years with the company.
- Sweeney will remain in his role until March 31, 2025, to ensure a smooth transition to his successor.
- Quiz’s recruitment for a new CFO is underway amid financial challenges.
- The fashion retailer faces declining sales and profits, leading to a £7 million pre-tax loss.
- CEO Sheraz Ramzan expresses confidence in Quiz’s potential for profitable growth.
Gerry Sweeney, who has served as the Chief Financial Officer (CFO) of Quiz since 2016, has announced his departure from the company after a tenure exceeding eight years. Sweeney is set to continue in his role until March 31, 2025, assisting in the transition to his successor. This planned exit is part of a strategic effort to maintain stability in the company’s financial leadership during a challenging period.
Quiz has already initiated the recruitment process to find a suitable replacement for Sweeney. His decision to leave comes as the company grapples with significant financial challenges, including a notable pre-tax loss of approximately £7 million for the fiscal year ending March 31. The search for a new CFO is crucial as the company endeavours to reverse the trend of declining sales and profitability.
Amid these developments, Sweeney expressed his belief in Quiz’s potential for recovery and growth under the leadership of CEO Sheraz Ramzan. In his words, ‘After more than eight years in the role, I felt that now is the right time to step back and consider new opportunities. I firmly believe in Quiz’s turnaround potential under Sheraz’s leadership, and that the business will return to profitable growth.’ This statement underscores a level of confidence in the strategic direction being pursued by the organisation.
CEO Sheraz Ramzan extended his gratitude towards Sweeney for his substantial contributions over the years, acknowledging his commitment and valuable input. Ramzan has stated, ‘On behalf of everyone at Quiz, I would like to thank Gerry for his commitment and valued input over the past eight years. Whilst Gerry will continue in his role over the coming months while we search for a successor, we wish him the very best in his future endeavours.’ This endorsement highlights the mutual respect and professionalism between Sweeney and the executive leadership.
As Quiz navigates through financial adversities, the successful transition of its CFO will be pivotal to its future growth.
