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

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

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

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

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

  • A person who died after falling from a constructing in Manhattan was identified by police as Gustavo Arnal.

  • The Bed Bath & Beyond CFO fell from the 18th floor on Friday, the NYPD confirmed to Insider.

  • The retailer lately introduced plans to shut 150 shops and lower a fifth of its workforce.

A person who died after falling from the 18th floor of an residence constructing has been identified the chief monetary 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 finance chief for greater than a 12 months. Arnal had held a senior positions at Walgreens Boots Alliance and Procter & Gamble earlier than becoming a member of the cosmetics firm.

Last month he bought about 42,000 shares in the retailer for about $1 million, in accordance to MarketBeat.com

The death comes days after Bed Bath & Beyond introduced plans to close about 150 stores and lower its workforce by a fifth in a bid to revive its fortunes.

Video: How the suicide hotline saved my life

The firm told investors on a call on Wednesday that it might shift away from own-brands and begin providing extra labels and that it had secured loans from JPMorgan and Sixth Street Partners.

The retailer’s shares have develop into a “meme stock” like GameStop and fluctuated significantly in current months. The chief govt, Mark Tritton, was ousted in June and changed by board member Sue Gove.

Bed Bath & Beyond and Arnal’s members of the family didn’t instantly reply to Insider’s request for remark.

The National Suicide Prevention Lifeline is a hotline for people in disaster or for these trying to assist another person. To communicate with a licensed listener, name 1-800-273-8255.

Read the unique article on Business Insider

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