The highest-level Bed Bath & Beyond executive who apparently jumped off a Tribeca high rise was a well-regarded businessman whose profession spanned across the globe before his sudden death on Friday.
Gustavo Arnal was hired by Bed Bath & Beyond in May 2020 and credited with helping get the Recent Jersey-based retail giant through the worst of the COVID-19 pandemic, the corporate said in an announcement Sunday.
The exec got here aboard as chief financial officer and executive vice chairman after “a distinguished global profession in finance” that included working at several other well-known businesses,” the corporate stated Sunday.
Arnal got here from cosmetic company Avon where he was also named the manager vice chairman and CFO starting in spring 2019, in accordance with the Cincinnati Business Courier. He was at Walgreens Boots Alliance before that, serving as senior vice chairman and CFO of international divisions and global functions, the Business Courier said.
Each of those gigs were based in London.
Gustavo Arnal was hired by Bed Bath & Beyond in 2020.
The town Medical Examiner removes the body from Recent York Law School Constructing on the Church St. freight entrance.Robert Miller
But most of his profession was at Procter & Gamble where he spent 20 years holding various positions and dealing with brand names including Pringles potato chips and Tide detergent.
The husband and father of two adult daughters was CFO of the corporate’s India, the Middle East and Africa business where he oversaw operations in greater than 50 countries, the Cleveland Business Journal reported in May 2020.
When Arnal was announced as Bed Bath & Beyond’s newest hire, he said the corporate had to construct “on the strong foundations of this business with a latest, robust and sustainable business model,” the Cleveland Business Journal reported.
He also reportedly said he looked forward to working as a “catalyst for the cultural and financial change within the business.”
However the houseware company has struggled mightily recently and is predicted to shut 150 stores and terminate 20% of its workforce after an announcement about its restructuring got here days before his death.
The tragic incident occurred at a residential constructing positioned at 56 Leonard St.Robert Miller
The previous CFO desired to be the “catalyst for the cultural and financial change within the business.”Robert Miller
Arnal was also included in a recent lawsuit that accuses him, Chewy.com founder Ryan Cohen and others of artificially inflating the retail’s share price.
The category motion was filed Aug. 23 in Washington, DC.
The corporate’s board of directors chairman Harriet Edelman said partially of his statement Sunday in regards to the shocking death, “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.”
Arnal was a husband and father of two daughters.Facebook/Gustavo Arnal
Arnal graduated from Simón Bolívar University of Venezuela with a mechanical engineering degree and got his master’s degree in finance from the Metropolitan University of Caracas, the multilingual news site swissinfo.ch reported.
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