Quiz CFO steps down after eight years

Omni-channel fashion retailer Quiz has today announced that Gerard Sweeney is stepping down from his role as Chief Financial Officer (CFO) and Company Secretary after eight years.

Quiz has commenced a recruitment process to find a new CFO, though Sweeney will remain with the group until 31 March 2025 “to enable a smooth transition of responsibilities to his successor”.

Sheraz Ramzan, Chief Executive Officer, said: “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.”

Sweeney added: “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.

“It has been a pleasure to work with the rest of the board and broader Quiz team since 2016. I remain fully committed to the business over the coming months and ensuring a smooth transition of responsibilities in due course.”

At the end of August, Quiz reported a pre-tax loss of £6.7 million for the year to 31 March, as it slid from a £2.3 million profit a year earlier. It came as revenues dropped by 10.6% to £82 million for the year.

Quiz said that the sales downturn was largely due to “the impact of cost-of-living pressures on consumer demand”.