Gaithersburg

Bed Bath & Beyond Mourns the Loss of CFO Gustavo Arnal Who Fell to His Death This Weekend

By MCS Staff
Bed Bath & Beyond announced today that Chief Financial Officer (CFO) Gustavo Arnal passed away over the weekend. According to NBC News, Arnal due to a fall from the downtown Manhattan luxury skyscraper where he lived. CNBC reports that investigators believe Arnal’s fall was intentional, but he left no note behind and did not say anything to his wife, who was home at the time of his death.
The news comes days after the retail chain announced it would close about 150 of its 700 + stores and lay off about 20% of its 32,000 employees. There are currently two Bed Bath & Beyond locations in Montgomery County, located in Germantown and Rockville. The Gaithersburg location closed nearly two years ago. Customers have asked whether the Bed Bath & Beyond store in Rockville would be closing due to relatively bare shelves the last few weeks, but employees confirmed that there are no plans to close either Montgomery County location at this time. The full statement on the passing of Gustavo Arnal can be seen below:

“Bed Bath & Beyond Inc. (NASDAQ: BBBY) today announced that Gustavo Arnal, Executive Vice President and Chief Financial Officer of the Company, passed away on September 2, 2022. The entire Bed Bath & Beyond Inc. organization is profoundly saddened by this shocking loss.

“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.”

Mr. Arnal joined Bed Bath & Beyond Inc. in May 2020 following a distinguished global career in finance at Avon, Walgreens Boots Alliance, and Procter & Gamble. At Bed Bath & Beyond Inc., Mr. Arnal was instrumental in guiding the organization throughout the coronavirus pandemic, transforming the Company’s financial foundation and building a strong and talented team. He was also an esteemed colleague in the financial community.”