Bed Bath & Beyond CFO
Bed Bath & Beyond Inc’s (BBBY.O) chief financial officer fell to his death from New York’s Tribeca skyscraper known as the “Jenga” tower on Friday afternoon, police said on Sunday, days after the struggling retailer announced it was closing stores and laying off workers.
On Friday at 12:30 p.m. ET (1630 GMT), police responded to a 911 call and found a 52-year-old man dead near the building who suffered injuries from a fall. Police identified the man as Gustavo Arnal.Bed Bath & Beyond CFO
The police statement did not provide further details on the circumstances leading to Arnal’s death and said the New York City Medical Examiner’s Office would determine the cause of death.
The Union, New Jersey-based company confirmed in a statement Sunday it was Arnal who died. Earlier, the New York Police Department named the person as 52-year-old Arnal, resident of 56 Leonard Street -also known as the Jenga Building.
The New York City Medical Examiner’s Office ruled the death a suicide, according to the New York Times.
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. The New York Post first reported Arnal’s death.
Bed Bath & Beyond CFO Death
Bed Bath & Beyond confirmed his death in a press statement on Sunday but gave no details.
The big-box chain – once considered a so-called “category killer” in home and bath goods – has seen its fortunes falter after an attempt to sell more of its own brand, or private-label goods.
The lawsuit also alleged that he issued materially misleading statements to investors.
Shares in Bed Bath & Beyond have been highly volatile in recent months, being viewed as a so-called “meme” stock, which trade more on social media sentiment than economic fundamentals.