New York

NYPD investigating death of Bed Bath & Beyond CFO Gustavo Arnal

UNION, N.J. — Gustavo Arnal, the chief monetary officer of retail chain Bed Bath & Beyond, has died, the company confirmed on Sunday.

The company mentioned Arnal died on Friday. According to the NYPD, police discovered the 52-year-old unconscious with accidents displaying he fell from a constructing in Manhattan. He was pronounced lifeless on the scene and the Medical Examiner’s Office will decide the trigger of death. Police mentioned an investigation was ongoing.

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

“Gustavo will be remembered by all he worked with for his leadership, talent and stewardship of our Company. I am proud to have been 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,” mentioned Harriet Edelman, impartial chair of the company’s board, in Sunday’s assertion.

Bed Bath & Beyond has confronted turbulence lately: Its shares made a monstrous run from $5.77 to $23.08 over a little bit greater than two weeks in August, in buying and selling reminiscent of final year’s meme-stock craze, when out-of-favor corporations out of the blue grew to become darlings of smaller-pocketed buyers. On Wednesday, the company mentioned it will shutter shops and lay off staff in a bid to show round its beleaguered business.

The residence items retailer primarily based in Union, New Jersey, mentioned it would shut about 150 of its namesake shops and slash its workforce by 20 %.

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