The article looks at Gustavo Arnal. We will examine his personal and career life.
Who was Gustavo Arnal?
He was the Chief Finance officer (CFO) of Bed bath and beyond.
Gustavo Arnal joined the company in May 2020 during the pandemic.
Before joining Bed bath and beyond, he had previously worked at “cosmetic brand Avon and consumer goods giant Procter & Gamble”.
He was only 52 years and a resident of 56 Leonard Street
He is said to have fallen from a Manhattan Skyscraper.
This skyscraper is located in Tribeca neighborhood was called “Jenga” tower and the incident occurred on Friday.
Gustavo Arnal was said to be among the Bed Bath & Beyond executives who detailed the company’s turnaround plan.
This they said included cutting 20% of jobs across its corporate and supply-chain operations and closing about 150 lower-producing stores.
This was two days to his death.
Gustavo Arnal was said to have sold more than 55,000 shares in multiple transactions on Aug. 16-17.
This was part of a Rule 10b5-1 trading plan entered into in April 2022.
Announcement of Gustavo Arnal death
The company issued a message on his death.
“The entire Bed Bath & Beyond organization is profoundly saddened by this shocking loss,” Harriet Edelman, chair of the board at the company noted in statement.
“Gustavo will be remembered by all he worked with for his leadership, talent and stewardship of our company,” she said.
“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.”
Bed Bath& beyond is a home and bath goods company. It has been struggling for some time due to a slump in sales and growing debt.