Who was Bed Bath & Beyond’s CFO Gustavo Arnal
The highest-level Mattress Tub & Past government who apparently jumped off a Tribeca excessive rise was a well-regarded businessman whose profession spanned throughout the globe earlier than his sudden dying on Friday.
Gustavo Arnal was employed by Mattress Tub & Past in Might 2020 and credited with serving to get the New Jersey-based retail large by the worst of the COVID-19 pandemic, the corporate stated in an announcement Sunday.
The exec got here aboard as chief monetary officer and government vp after “a distinguished international profession in finance” that included working at a number of different well-known companies,” the corporate said Sunday.
Arnal got here from beauty firm Avon the place he was additionally named the manager vp and CFO beginning in spring 2019, in accordance with the Cincinnati Enterprise Courier. He was at Walgreens Boots Alliance earlier than that, serving as senior vp and CFO of worldwide divisions and international features, the Enterprise Courier stated.
Each of these gigs had been based mostly in London.
However most of his profession was at Procter & Gamble the place he spent 20 years holding varied positions and dealing with model names together with Pringles potato chips and Tide detergent.
The husband and father of two grownup daughters was CFO of the corporate’s India, the Center East and Africa enterprise the place he oversaw operations in additional than 50 nations, the Cleveland Enterprise Journal reported in Might 2020.
When Arnal was introduced as Mattress Tub & Past’s latest rent, he stated the corporate needed to construct “on the sturdy foundations of this enterprise with a brand new, strong and sustainable enterprise mannequin,” the Cleveland Enterprise Journal reported.
He additionally reportedly stated he appeared ahead to working as a “catalyst for the cultural and monetary change within the enterprise.”
However the houseware firm has struggled mightily just lately and is anticipated to shut 150 shops and terminate 20% of its workforce after an announcement about its restructuring got here days earlier than his dying.
Arnal was additionally included in a latest lawsuit that accuses him, Chewy.com founder Ryan Cohen and others of artificially inflating the retail’s share value.
The category motion was filed Aug. 23 in Washington, DC.
The corporate’s board of administrators chairman Harriet Edelman stated in a part of his assertion Sunday concerning the stunning dying, “Our focus is on supporting his household and his crew and our ideas are with them throughout this unhappy and troublesome time. Please be a part of us in respecting the household’s privateness.”
Arnal graduated from Simón Bolívar College of Venezuela with a mechanical engineering diploma and obtained his grasp’s diploma in finance from the Metropolitan College of Caracas, the multilingual news site swissinfo.ch reported.
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