Last week, a prominent executive at Bed Bath & Beyond passed away, just two days after the home retail behemoth announced a new round of store closures and layoffs to recover from a fall in sales.
Gustavo Arnal, the company's CFO and Executive Vice President, had died the previous Friday. In a statement, Bed Bath & Beyond's independent chair of the board of directors, Harriet Edelman,
praised Arnal for his leadership and talent. Those of us at Bed Bath & Beyond, and everyone who had the pleasure of knowing him, will miss him much, and I am glad to have been his colleague,
"Edelman added. Our thoughts and prayers are with his loved ones and his team as they go through this tragic moment. On Friday, members of the New York Police Department discovered 52-year-old Arnal
asleep and unresponsive near the intersection of Leonard Street and West Broadway in Manhattan. At the scene, medical personnel declared him dead. The NYPD claimed in a statement that Arnal
"appears to suffer from injuries indicated from a fall from an elevated position. "On Sunday, the office of the New York City medical examiner confirmed to NPR that the death had been ruled a suicide
Bed Bath & Beyond, whose sales have been dipping and which just went through a leadership shakeup, revealed its plan to revitalise the company on Wednesday. The New Jersey-based store announced plans
to lay off 20% of their workers and close over 150 locations. In 2020, Arnal made the transition from Avon, Walgreens Boots Alliance, and Procter & Gamble to Bed Bath & Beyond.
He was important in managing the organisation through the coronavirus pandemic, altering the companys financial structure, and developing a strong and skilled workforce according to Bed Bath & Beyond