Gustavo Arnal was the Executive Vice President and Chief Financial Officer of Bed Bath & Beyond.
Bed Bath & Beyond Inc’s CFO fell to his death from New York’s Tribeca skyscraper, Jenga tower, on Friday afternoon, days after the struggling company announced it was shutting down stores and laying off employees.
The fifty-two years old died after falling from the 18th floor of a Manhattan building. Gustavo was known for working with Walgreens Boots Alliance, Avon, and Procter & Gamble. Bed Bath & Beyond hired him in 2020 to steer it through the global pandemic.
The company has been going through a rough state recently. Arnal joined the company from Avon, a leading direct-selling cosmetic brand company. According to his LinkedIn bio, he had a 20-year of experience with Procter & Gamble.
Meet Gustavo Arnal Wife Alexandra Cadenas-Arnal
Gustavo Arnal did not say a word to his wife, Alexandra Cadenas-Arnal, before jumping from the 18th floor.
Alexandra was in the three-bedroom apartment on September 2, 2022, when her husband jumped to his death from the 18th floor of a building at 56 Leonard Street in New York City known as the Jenga Building due to its design.
Gustavo didn’t leave a note explaining the plunge, which occur while Alexandra was with him in the home around 12:20 a.m. Friday. Arnal’s grieving widow appeared to have left the high-rise building on Sunday to make funeral arrangements.
Alexandra witnessed the jump of her beloved husband, reported CNN. Moreover, the source stated that as no suicide note was found, no criminality was suspected. However, the investigation remains ongoing.
Arnal and his wife, Alexandra rented a beautiful three-bedroom in the skyscraper for nearly $18,500 a month. He was found unconscious and unresponsive outside his 57-story skyscraper around 12:30 p.m. Friday.
Officers said that the man appeared to suffer from severe injuries sustained from a fall from an elevated position. EMS responded to the scene and pronounced Gustavo dead at the scene.
Bed Bath & Beyond CFO Gustavo Arnal Family- His Children
Bed Bath & Beyond CFO Gustavo Arnal and his wife, Alexandra Cadenas-Arnal, have two young daughters.
Alexandra and two young daughters appeared to have left the building at 56 Leonard St. to make funeral arrangements around 10:35 a.m. Sunday. A doorman approached the women as two men escorted them to a waiting van.
The weeping woman declined to comment, and one of the men dressed in black held out his hand and said “No. Back!” Alexandra was married to Arnal for 28 years until his tragic death on September 2, 2022.
The news of his tragic death came a few days after the retailer revealed that it was closing 150 stores nationwide and laying off 20 percent of its supply chain workforce following the sky-rocketing inflation.
Bed Bath & Beyond is saddened by this shocking loss. Gustavo was instrumental in guiding the company throughout the global pandemic. He helped transform the company’s financial foundation and build a strong team.
Gustavo Arnal Net Worth -A Look Into His Career
Gustavo Arnal’s net worth stands at around $6.05 to $7 million at the time of his passing. He acquired the fortune over his 20 years of senior-level jobs and economic expertise.
Arnal is a seasoned worldwide operational authority with over 25 years of expertise working in operations, technique, and monetary positions for retail companies and shopper merchandise.
Before Avon, Arnal served as CFO at Walgreens Boots Alliance. He was a global leader, with strong experience leading teams across the EMEA, US< LATAM, and APAC. He is also known for serving at Proctor & Gamble in senior positions.
He attended Universidad Simon Bolivar and obtained his undergraduate degree in Mechanical Engineering. Arnal then joined Universidad Metropolitana and earned his master’s degree in Finance.
Arnal was accused of his involvement in the pump and dump scheme. A group of shareholders filed a complaint against him, alleging that he and majority shareholder Ryan Cohen, participated in a pump and dump scheme.
When he died, he was facing around $1.2 billion “pump-and-dump” stock fraud suit filed against him about two weeks ago. The lawsuit was submitted on August 23 to the District of Columbia’s federal district court.