CFO of Bed Bath & Beyond Fell From the 18th Floor Of a Manhattan Tower

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Manhattan by Rafael Lodos via Unsplash
Manhattan by Rafael Lodos via Unsplash

A man who died after falling from the 18th floor of an apartment building has been identified the chief financial officer of Bed Bath & Beyond, the New York Post reported.

Gustavo Arnal, 52, fell from the tower on Leonard Street in Manhattan on Friday, the New York Police Department confirmed to Insider.

The CFO joined Bed Bath & Beyond in 2020 after serving as Avon’s finance chief for more than a year. Arnal had held a senior positions at Walgreens Boots Alliance and Procter & Gamble before joining the cosmetics company.

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Last month he sold about 42,000 shares in the retailer for about $1 million, according to MarketBeat.com

The death comes days after Bed Bath & Beyond announced plans to close about 150 stores and cut its workforce by a fifth in a bid to revive its fortunes.

The firm told investors on a call on Wednesday that it would shift away from own brands and start offering more labels and that it had secured loans from JPMorgan and Sixth Street Partners.

 

The retailer’s shares have turned into a “meme stock” like GameStop and fluctuated dramatically in recent months. The chief executive, Mark Tritton, was ousted in June and replaced by board member Sue Gove.