A man who fell to his death from a skyscraper in Manhattan’s Tribeca neighbourhood on Friday has been identified as Bed Bath & Beyond Inc. chief financial officer Gustavo Arnal.
In a statement Sunday, the New York Police Department named the person as 52-year-old Arnal, resident of 56 Leonard Street — also known as the Jenga Building. A person familiar with Bed Bath & Beyond confirmed it was Arnal who died.
Calls and emails to the company were not immediately returned outside of normal business hours. The New York Post first reported Arnal’s death.
Arnal was among the Bed Bath & Beyond executives who provided details on Wednesday of the company’s turnaround plan, which including cutting 20 per cent of jobs across its corporate and supply-chain operations and closing about 150 lower-producing stores. The plan also envisioned new financing and the sale of as many as 12 million shares.
Arnal joined the retailer in May 2020 as it navigated the coronavirus pandemic. He was previously with Avon Products Inc., Walgreens Boots Alliance Inc. and Procter & Gamble Co.
In a regulatory filing last month, Bed Bath & Beyond said Arnal sold more than 55,000 shares in multiple transactions on Aug. 16-17 as part of a Rule 10b5-1 trading plan entered into in April 2022. Such trading plans are typically adopted by executives to sell stock on a regular basis. The sales garnered $1.4 million, according to Bloomberg calculations, and Arnal still had almost 255,400 shares remaining.
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