The management at Bed Bath & Beyond are in sorrow after the passing of Gustavo Arnal, who served as the company’s chief financial officer.
The company has announced that the CFO passed away on September 2, having reached the age of 52.
After receiving a 911 call at approximately 12:30 p.m. on September 2, officers from the New York Police Department found an “unconscious and unresponsive 52-year-old man” in downtown Manhattan. This information was provided to NBC News by the Office of the Deputy Commissioner of Public Information for the New York Police Department. According to the office, the individual “appeared to suffer from injuries indicative from a fall from an elevated position.”
According to the Office of the Deputy Commissioner for Public Information, emergency medical personnel responded to the area and declared him dead at the spot.
The dead old man was identified as Arnal. CNBC was informed by the office of the medical examiner that Arnal committed suicide and died as a result of numerous blunt force injuries.
Bed Bath & Beyond said in a press statement dated September 4 that the whole company is “profoundly saddened by this shocking loss.“
In the press release, the Independent Chair of the Board of Directors for Bed Bath & Beyond, Harriet Edelman, expressed her deepest sympathies to Gustavo’s family, saying, “I wish to extend our sincerest condolences to Gustavo’s family.” “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. Our focus is on supporting his family and his team and our thoughts are with them during this sad and difficult time. Please join us in respecting the family’s privacy.”
Gustavo Arnal has previously held positions at Procter & Gamble, Walgreens Boots Alliance, and Avon, before beginning his employment at Bed Bath & Beyond in May of 2020.
“At Bed Bath & Beyond Inc., Mr. Arnal was instrumental in guiding the organization throughout the coronavirus pandemic, transforming the Company’s financial foundation and building a strong and talented team,” the company’s release said. “He was also an esteemed colleague in the financial community.”
Bed Bath & Beyond has been contending with a variety of issues. The firm made the announcement on the 31st of August that it would be closing 150 of its locations and revealing that it would be cutting its employment by 20%.