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Business

Man who fell to his death from 18th floor of New York tower identified as Bed Bath & Beyond CFO




Man who fell to his death from 18th floor of New York tower identified as Bed Bath & Beyond CFO

A Bed Bath & Beyond store.Michael Santiago/Getty Images

  • A man who died after falling from a Manhattan building has been identified by police as Gustavo Arnal.

  • The Bed Bath & Beyond CFO fell from the 1[ads1]8th floor on Friday, the NYPD confirmed to Insider.

  • The retailer recently announced plans to close 150 stores and cut a fifth of its workforce.

A man who died after falling from the 18th floor of an apartment building has been identified as 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.

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

Last month, he sold about 42,000 shares of 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.

Video: How the suicide phone saved my life

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

Retailer stocks have become a “meme stock” like GameStop and fluctuated significantly in recent months. Chief executive Mark Tritton was ousted in June and replaced by board member Sue Gove.

Bed Bath & Beyond and Arnal’s family members did not immediately respond to Insider’s request for comment.

The National Suicide Prevention Lifeline is a hotline for individuals in crisis or for those who want to help someone else. Call 1-800-273-8255 to speak with a certified listener.

Read the original article on Business Insider



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