QUIZ plc announced that Tarak Ramzan, Chief Executive Officer (CEO) and founder of the business, is to step down as CEO with immediate effect. Having founded the business, Tarak will remain available to the business as required, to ensure a smooth handover of responsibilities. Tarak remains a highly supportive shareholder in the business.

Sheraz Ramzan, current Chief Commercial Officer, has been appointed as Chief Executive Officer with immediate effect. Sheraz has served as the Company's Chief Commercial Officer since 2004 and has been an executive director of the Company since IPO in 2017. Sheraz brings a fresh approach along with extensive experience and knowledge of the business.

He will implement a turnaround strategy to recalibrate the QUIZ brand, its product offering, and reconnect with consumers with the aim of moving the business back into profitable growth.