Arnal and the retailer were being sued by certain shareholders. ![]() In August, Bed Bath & Beyond disclosed in a regulatory filing that Mr. 16 and 17, as part of a trading plan he had signed in April. Arnal sold roughly 55,000 shares in Bed Bath & Beyond on Aug. 16, energized by disclosures by the activist investor Ryan Cohen they plummeted shortly after when he disclosed he had sold out of the company completely. The company has also been at the center of a volatile few weeks of trading, partly because of a legion of dedicated individual investors. It announced last week that it had secured a loan from the investment firm Sixth Street to shore up its liquidity. The retailer has been under immense pressure over the past several years, as it has worked to quickly build up its supply chain and operations, while also dealing with the business pressures of the pandemic and two sets of activist investors. Arnal provided a semblance of continuity in the retailer’s ranks, as many top executives had left, including the chief executive, chief operating officer and chief stores officer. Though he had been at Bed Bath & Beyond for only two years, Mr. Arnal was previously chief financial officer at Avon and held senior positions at Walgreens Boots Alliance and at Procter & Gamble, where he spent more than 20 years of his career. Arnal joined Bed Bath & Beyond as its chief financial officer in May 2020 as part of an executive shake-up led by the then chief executive, Mark Tritton, who left in June. The New York Post reported earlier on Mr. Emergency medical officers pronounced him dead on the scene, the statement said. He was found near his residence, 56 Leonard Street, a skyscraper known as the Jenga building because of its stacked architectural design, and “appeared to suffer from injuries indicative from a fall from an elevated position,” the New York Police Department said in a statement. ![]() Arnal’s death was ruled a suicide, according to the New York City Medical Examiner’s Office. He was brought on to help stabilize the company in 2020, as it needed to ramp up its offerings to meet shopper demand in a retail sector disrupted by the coronavirus pandemic. ![]() Gustavo Arnal, 52, the chief financial officer of the beleaguered home goods retailer Bed Bath & Beyond, died on Friday.
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