Bed Bath & Beyond CFO Gustavo Arnal dies

UNION, NJ (AP) – Gustavo Arnal, the chief financial officer of the retail chain Bed Bath & Beyond, has died. the company confirmed on Sunday.

The company said Arnal died on Friday. According to the New York City Police Department, police found a 52-year-old unconscious with injuries showing he fell from a building in Manhattan. He was pronounced dead at the scene and the New York City Medical Examiner’s Office will determine the cause of death. Police said the investigation is ongoing.

Arnal joined the company in May 2020 after working at Avon, Walgreens Boots Alliance and Procter & Gamble.

“Gustavo will be remembered by all for his leadership, talent and stewardship of our Company. I am proud to be his colleague, and he will be truly missed by all of us at Bed Bath & Beyond and everyone who had the pleasure of knowing him,” he said. Harriet Edelman, independent chair of the company’s board, at Sunday’s statement.

Bed Bath & Beyond has Faced with new chaos: Its shares have risen from $5.77 to $23.08 in less than two weeks in August, in trading reminiscent of last year. meme-stock craze, when companies out-of-favor suddenly become Darlings small-pocket investors. On Wednesday, the company said it would shutter shop and employee layoffs in a bid to turn around his beleaguered business.

The Union, New Jersey-based home goods retailer said it will close about 150 name-brand stores and cut its workforce by 20%.

Leave a Reply

Your email address will not be published. Required fields are marked *