NEW YORK — Bed Bath & Beyond executive vice president and chief financial officer Gustavo Arnal died last Friday by suicide, according to news reports. He was 52.
On Friday afternoon, Arnal jumped from a window on the 18th floor of the Tribeca neighborhood apartment building in Manhattan known as “the Jenga Building” for the non-linear arrangement of its balconies and units. Originally reported as a fall, the incident was later deemed by the New York Police Department to have been a suicide, according to news reports.
“I wish to extend our sincerest condolences to Gustavo’s family. Gustavo will be remembered by all he worked with for his leadership, talent 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,” said Harriet Edelman, independent chair of the Bed Bath & Beyond Inc. board of directors. “Our focus is on supporting his family and his team and our thoughts are with them during this sad and difficult time. Please join us in respecting the family’s privacy.”
Arnal joined Bed Bath & Beyond Inc. in May 2020 following a global career in finance at Avon, Walgreens Boots Alliance, and Procter & Gamble.
In its statement, Bed Bath & Beyond said he was instrumental in guiding the organization throughout the coronavirus pandemic, transforming the company’s financial foundation and building a strong team.
Arnal was a defendant in a lawsuit over an alleged pump and dump scheme that accused him of artificially inflating the value of BBBY stock, according to a report from The Daily Mail. The suit was filed Aug. 23 in the U.S. Court of the District of Columbia by a shareholder group who contend they lost roughly $1.2 billion, the Daily Mail reported.