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The incident comes just two days after Bed Bath & Beyond announced plans to close 150 of its approximately 900 stores and lay off 20% of its workforce.
The man who jumped from the 18th floor of the Jenga tower in Manhattan, New York, on Sept. 2 has been identified as Gustavo Arnal, chief financial officer of US-based retail chain Bed Bath & Beyond. I was. , according to multiple reports.
A spokesperson for the New York Police Department (NYPD) said the call about the jump came in around 12:30 p.m. on Sept. 2.
The incident comes just two days after the company announced plans to close 150 of its roughly 900 stores and lay off 20% of its workforce.
Arnal has sold more than 42,000 shares of the company for $1 million, according to MarketBeat.com. At the time, Arnal owned his 267,896 shares in the company, worth just under $6.5 million.
Arnal joined Bed Bath & Beyond in 2020, when the company was already struggling due to the COVID-19 pandemic. Prior to that, he was CFO of London-based cosmetics giant Avon, and he also worked for Procter & Gamble for 20 years.
When Arnal joined Bed Bath & Beyond in April 2020, company spokespeople said they had acquired world-class talent to bring new expertise, perspectives and experiences as the company rebuilt its business. , Arnal had stated that it indicates the same.
The company added that Arnall’s experience in delivering business transformation at large companies, his knowledge of the consumer goods and retail space, and his drive and energy will help accelerate the transformation plan.
Bed Bath & Beyond has recently seen its performance deteriorate, with CEO Mark Tritton being fired in June after a 25% decline in first-quarter sales.
He then hired independent director Sue Gove to replace him on an interim basis.
Last week, Gove said retailers are seeing considerable positive momentum.
