Bed Bath & Beyond CFO identified as the man who dove to death in New York

A man who died Friday from a skyscraper in Manhattan’s Tribeca neighborhood has been identified as Bed Bath & Beyond Inc.’s chief financial officer, Gustavo Arnal.

In a statement on Sunday, the New York Police Department named the person Arnal, 52, residing at 56 Leonard Street – also known as the Jenga Building. A person familiar with Bed Bath & Beyond confirmed that it was Arnal who died.

Calls and emails to the company were not immediately returned outside normal business hours. The New York Post first reported Arnal’s death.

Arnal was among Bed Bath & Beyond executives who on Wednesday provided details of the company’s turnaround plan, which includes cutting 20% ​​of jobs in its corporate and supply chain operations and closing of approximately 150 low-production stores. The plan also included new financing and the sale of no less than 12 million shares.

Arnal joined the retailer in May 2020 as it navigated the coronavirus pandemic. He was previously with Avon Products Inc., Walgreens Boots Alliance Inc. and Procter & Gamble Co.

In a regulatory filing last month, Bed Bath & Beyond said Arnal sold more than 55,000 shares in multiple trades on August 16 and 17 as part of a Rule 10b5-1 trading plan concluded in April 2022. These trading plans are generally adopted by executives to regularly sell shares. The sales brought in $1.4 million, according to Bloomberg’s calculations, and Arnal still had nearly 255,400 shares remaining.


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