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

A Bed Bath & Beyond store.Michael Santiago/Getty ImagesA man who died after falling from a building 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 recently announced plans to close 150 stores and cut a fifth of its workforce.A man who died after falling from the 18th floor of an apartment building has been identified the chief financial 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 more than a year. Arnal had held a senior positions at Walgreens Boots Alliance and Procter & Gamble before joining the cosmetics company.Last month he sold about 42,000 shares in the retailer for about $1 million, according to MarketBeat.comThe death comes days after Bed Bath & Beyond announced plans to close about 150 stores and cut its workforce by a fifth in a bid to revive its fortunes.Video: How the suicide hotline saved my lifeThe company told investors on a call on Wednesday that it would shift away from own-brands and start offering more labels and that it had secured loans from JPMorgan and Sixth Street Partners. The retailer’s shares have become a “meme stock” like GameStop and fluctuated considerably in recent months. The chief executive, Mark Tritton, was ousted in June and replaced by board member Sue Gove. Bed Bath & Beyond and Arnal’s family members did not immediately respond to Insider’s request for comment. The National Suicide Prevention Lifeline is a hotline for individuals in crisis or for those looking to help someone else. To speak with a certified listener, call 1-800-273-8255.Read the original article on Business Insider

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