![]() In June, former CEO Mark Tritton was forced out after the company logged dismal sales for two consecutive quarters.Īnd Arnal's tenure at the company wasn't without its controversies. Turning around years of slumping sales at Bed Bath & Beyond would prove to be just that: Last month, the retailer flagged that it was forced to shutter 150 stores and slash 20% of its corporate roles. Insider has verified their identity and employment. ![]() They spoke on the condition of anonymity because they hadn't arranged permission from the company to speak to the press. Earlier in his career, he worked at Avon and Walgreens, where he was CFO of the drugstore giant's international divisions.Īrnal's former colleagues at P&G who spoke to Insider expressed shock over his suicide. While at the company that makes Tide soap and Pampers diapers, he worked out of Brazil and Cincinnati, where it's headquartered. Over the course of more than 20 years, Arnal held several senior positions at P&G, including CFO of its India, Middle East, and Africa business CFO of Global Fabric and Home Care and CFO of Global Personal Beauty. Though they didn't work with him at Bed Bath & Beyond - these coworkers were from his time as an executive at Procter & Gamble - the teammates said Arnal was "larger than life" and enjoyed digging into a big business challenge. INVESTORS: Susie A.Former colleagues of Gustavo Arnal - the 52-year-old Bed Bath & Beyond executive who died after falling from a New York City building earlier this month - told Insider they were stunned by his death. The Company operates websites at , bedbathandbeyond.ca, , buybuybaby.ca, and. Additionally, the Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond. The Company sells a wide assortment of merchandise in the Home, Baby, Beauty and Wellness markets. He was also an esteemed colleague in the financial community.īed Bath & Beyond Inc. and subsidiaries (the "Company") is an omnichannel retailer that makes it easy for our customers to feel at home. Arnal was instrumental in guiding the organization throughout the coronavirus pandemic, transforming the Company's financial foundation and building a strong and talented team. ![]() in May 2020 following a distinguished global career in finance at Avon, Walgreens Boots Alliance, and Procter & Gamble. Please join us in respecting the family's privacy." "Our focus is on supporting his family and his team and our thoughts are with them during this sad and difficult time. 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," said Harriet Edelman, Independent Chair of the Bed Bath & Beyond Inc. ![]() Gustavo will be remembered by all he worked with for his leadership, talent and stewardship of our Company. "I wish to extend our sincerest condolences to Gustavo's family. organization is profoundly saddened by this shocking loss. (NASDAQ: BBBY) today announced that Gustavo Arnal, Executive Vice President and Chief Financial Officer of the Company, passed away on September 2, 2022. 4, 2022 /PRNewswire/ - Bed Bath & Beyond Inc.
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