A Bed Bath & Beyond govt is lifeless following a fall from the downtown Manhattan luxurious skyscraper the place he lived, the retail big and police have confirmed.
The death of Gustavo Arnal, 52, the company’s chief monetary officer, comes days after the retail chain announced it might shut about 150 of its greater than 700 namesake shops and lay off about 20% of its 32,000 staff after its inventory fell greater than 21% final Wednesday, and 65% previously yr, in accordance to The Associated Press.
Arnal was pronounced lifeless when emergency medical personnel discovered him at round 12:30 p.m. on Friday close to Leonard Street and West Broadway, police informed NBC News in an announcement, noting that he “appeared to suffer from injuries indicative from a fall from an elevated position.
“The New York City Medical Examiner’s Office will determine the cause of death and the investigation remains ongoing,” police said.
A Sunday statement from the retailer said that “the whole Bed Bath & Beyond Inc. group is profoundly saddened by this surprising loss.”
“At Bed Bath & Beyond Inc., Mr. Arnal was instrumental in guiding the group all through the coronavirus pandemic, remodeling the Company’s monetary basis and constructing a powerful and gifted crew,” the statement continued. “He was additionally an esteemed colleague within the monetary group.”
The independent chair of the company’s board of directors, Harriet Edelman, said that Arnal “will probably be remembered by all he labored with for his management, expertise and stewardship of our Company.
“I am proud to have been his colleague, and he will be truly missed by all of us at Bed Bath & Beyond and everyone who had the pleasure of knowing him,” she said, adding that the company’s focus is on supporting Arnal’s family.
Arnal was a resident of 56 Leonard Street, according to police. The 60-story tower is nicknamed the “Jenga Building” due to its misaligned residences, giving it the appearance of the block stacking sport.
Last yr, a penthouse within the constructing offered for $50 million, according to the Real Deal, which reported that residents embody the singer Frank Ocean and the actor Keegan Michael-Key.
The building management did not immediately respond to a request for comment from NBC News.
Arnal previously held executive roles at the beauty-product company Avon, the drugstore chain Walgreens, and Procter & Gamble, according to his biography on the Bed Bath & Beyond website, and his LinkedIn page, which also note that he had an undergraduate degree in mechanical engineering from the Universidad Simon Bolivar and a master’s degree in finance from the Universidad Metropolitana, both in Caracas, Venezuela.
Last yr, Arnal took dwelling $2.9 million as CFO of Bed Bath & Beyond, together with $775,000 in wage and the remainder in inventory awards, according to InsiderTrades.com.
Last month, he offered greater than 42,500 shares of company inventory value greater than 1,000,000 {dollars}, according to the website MarketBeat.
Bed Bath & Beyond’s inventory took a serious hit final month after an influential investor sold all of his nearly 7.8 million shares. And the company remains to be trying to find a everlasting chief govt officer after former CEO Mark Tritton was ousted in June after lower than three years on the job, in accordance to the AP.