Quiz’s Chief Financial Officer, Gerry Sweeney, is resigning after an eight-year tenure, effective March next year.
- During his tenure, Sweeney played a crucial role in the company’s financial strategies.
- The fashion retailer is currently experiencing a downturn in sales and profits, reporting a significant pre-tax loss.
- A recruitment process is underway to identify Sweeney’s successor and ensure a seamless transition.
- CEO Sheraz Ramzan expressed confidence in the company’s future and thanked Sweeney for his dedicated service.
Quiz, a prominent fashion retailer, has announced the impending departure of its long-serving Chief Financial Officer, Gerry Sweeney. He is slated to exit the company after more than eight years of service, with his departure effective from 31 March next year. Sweeney’s resignation comes at a time when Quiz is navigating through a phase of declining sales and financial instability, culminating in a notable pre-tax loss of nearly £7 million this year.
Throughout his tenure, Sweeney has been instrumental in spearheading financial initiatives that have shaped Quiz’s economic framework. His decision to step down is accompanied by his commitment to support the company through this transition period. Sweeney stated, “After more than eight years in the role, I felt that now is the right time to step back and consider new opportunities.” He expressed optimism regarding the company’s potential recovery under current leadership.
In response to the impending vacancy, Quiz has initiated a recruitment process to appoint a new CFO who will be tasked with steering the financial helm during these challenging times. This strategic move aims to reinforce financial oversight and explore avenues for revenue rejuvenation.
CEO Sheraz Ramzan has voiced his appreciation for Sweeney’s contributions, acknowledging his dedication and influence over the years. Ramzan 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.” Ramzan remains confident in Quiz’s ability to return to profitability and stabilise its financial standing moving forward.
Quiz is poised for a strategic shift as it seeks new financial leadership amidst ongoing economic challenges.
