Gerry Sweeney, the chief financial officer of Quiz, will be leaving the company after over eight years of service. His departure coincides with a challenging phase for the group, marked by declining sales and profits.
- Sweeney joined Quiz in 2016 and will continue in his role until 31 March next year to ensure a smooth transition.
- The search for a new CFO is already underway, as the fashion group aims to navigate through its current financial difficulties.
- Sweeney remains hopeful about Quiz’s turnaround potential under the leadership of CEO Sheraz Ramzan.
- He has expressed commitment to supporting the company during the transition period.
Gerry Sweeney, the longstanding chief financial officer of Quiz, is set to leave the fashion retailer after more than eight years of service. He will continue in his role until 31 March next year to facilitate a smooth handover process to his successor. The recruitment process for a new CFO has commenced, as the group strives to manage its current financial challenges.
Sweeney’s departure occurs at a time when Quiz is grappling with significant financial issues. The company has reported a near £7 million pre-tax loss for the year ending 31 March. This financial downturn has prompted urgent initiatives aimed at reversing declining sales and profits.
Despite these challenges, Sweeney is optimistic about the company’s future. “After more than eight years in the role, I felt that now is the right time to step back and consider new opportunities,” he stated. He expressed confidence in Quiz’s potential for a successful turnaround under the leadership of Sheraz Ramzan, the CEO.
During his tenure, Sweeney has been a vital part of the board and has worked closely with the broader Quiz team. He expressed his pleasure in collaborating with his colleagues and reaffirmed his dedication to the company’s welfare in the coming months.
Ramzan acknowledged Sweeney’s substantial contributions over the years, extending appreciation for his dedication and expertise. While Sweeney will remain active in the transition phase, Quiz is keen to identify a suitable successor who can navigate the ongoing challenges and contribute to the brand’s growth.
Gerry Sweeney’s departure marks a significant transition for Quiz as it endeavours to overcome its current financial difficulties and regain profitable growth.
