Gerry Sweeney, Quiz chief financial officer, will depart after eight years, marking a significant transition for the company.
- Sweeney joined Quiz in 2016 and has been pivotal in the company’s operations since.
- He will remain until March 2025 to ensure a smooth transition to his successor.
- Quiz has initiated a recruitment process to find a new CFO amid declining sales and profitability.
- Sweeney believes in the company’s potential for a turnaround under the current leadership.
Gerry Sweeney, the esteemed chief financial officer of Quiz, is set to step down from his role after more than eight years of dedicated service. Sweeney joined the company in 2016 and has played a crucial role in overseeing its financial strategies and operations. His departure is scheduled for the end of March 2025, providing ample time for a seamless transition to his successor.
Quiz, a well-known retailer, is actively searching for a new CFO to replace Sweeney. This move comes at a challenging time for the company, which has been grappling with declining sales and a significant pre-tax loss of nearly £7 million for the fiscal year ending March 31, 2024.
In a statement, Sweeney expressed his decision to step back, noting that he feels it is the right time to explore new opportunities. He affirmed his belief in Quiz’s potential to return to profitable growth under the leadership of CEO Sheraz Ramzan, emphasising his commitment to supporting the company during the transitional months.
CEO Sheraz Ramzan also acknowledged Sweeney’s contributions, stating: “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.”
Despite the current financial challenges, both Sweeney and Ramzan remain optimistic about Quiz’s ability to recover and thrive in the competitive fashion retail sector. The upcoming change in financial leadership is seen as a strategic step in revitalising the company.
Gerry Sweeney’s departure as CFO marks the end of an era for Quiz, as the retailer seeks to navigate through its current challenges and restore growth.
