The New York Post reported on Sunday that the CFO of Bed Bath & Beyond died after jumping from a New York building. He passed away on Sunday afternoon.
On Wednesday, the home goods retailer, which had seen its shares fall more than 50% in the previous two weeks, announced store closings and layoffs as part of a restructuring. In August, shareholder activist Ryan Cohen sparked a plunge by selling all of his holdings in the company after raising hopes for retail investors.
After working at P&G for 20 years, Arnal joined the company in May 2020 and served as CFO for a year.
At the time of his death, Bed Bath & Beyond was looking for a new CEO and chief marketing officer, and on Wednesday it announced the departure of its COO.
The New York Post reported that Arnal jumped to his death from the Jenga Building, which resembles a game of stacking blocks.
In a statement, the company said it was profoundly sad by the loss.
ustavo will be remembered for his leadership, talent and stewardship of the company. The Independent Chair of the Bed Bath & Beyond Inc. Board of Directors said she was proud to have been his colleague and that he would be missed. Our thoughts are with his family and his team during this difficult time. We want to respect the family's privacy.
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