An executive from Bed Bath & Beyond dies after falling from a New York tower,
An executive from Bed Bath & Beyond dies after falling from a New York tower
Gustavo Arnal, 52, the chief financial officer of troubled home goods retailer Bed Bath & Beyond, died Friday. He was hired to stabilize the company in 2020, when it needed to expand its offerings to meet customer demand in a retail sector disrupted by the coronavirus pandemic.
Mr. Arnal died by apparent suicide, according to the New York Police Department. He was discovered near his home, 56 Leonard Street, a skyscraper known as the Jenga Building due to its stacked architectural form, and "looked to be suffering from injuries consistent of a fall from a high height," according to police. According to the statement, emergency personnel pronounced him dead at the site, and the New York City Medical Examiner's Office is attempting to ascertain the exact cause of death. Mr. Arnal's death had earlier been reported in the New York Post.
Arnal joined Bed Bath & Beyond as chief financial officer in May 2020. At the time, the business was experiencing a leadership transition overseen by previous CEO Mark Tritton, who departed the firm in June. Arnal previously served as Avon's chief financial officer and held key positions at Walgreens Boots Alliance and Procter & Gamble, where he spent more than 20 years.
Arnal updated Bed Bath & Beyond investors on the company's finances and the impact of recent rescue initiatives on Wednesday. The company said that it will close 150 locations and lay off 20% of its workforce at its corporate headquarters and throughout its supply chain. According to the corporation, the shop closures would have an impact on the jobs of retail staff.
Gustavo Arnal was discovered near his home at 56 Leonard Street, a skyscraper in the Tribeca district known as the Jenga building because to its stacked architecture.