In much more bad news for Mattress Bathtub & Over and above, its CFO, Gustavo Arnal, has been discovered as the person who plunged to his loss of life from New York’s “Jenga Building” on Friday, the New York Post claimed on Sunday morning. The company confirmed his passing on Sunday afternoon.
On Wednesday, the beleaguered house products retailer, which had seen its shares drop far more than 50% in the prior two weeks, declared retail store closures and layoffs as aspect of a restructuring, sending its shares tumbling even further. In August, shareholder activist Ryan Cohen sparked a plunge by marketing all of his holdings in the company—over 9.4 million shares—after elevating hopes amid retail buyers he was in it for the lengthy phrase.
Arnal, in accordance to his LinkedIn profile, joined the firm in Might 2020 following serving as CFO for Avon in London for a minor over a calendar year and working in a similar position at Procter & Gamble for 20 a long time.
At the time of his loss of life, Bed Bath & Over and above was searching for a new CEO and main marketing and advertising officer, and on Wednesday it announced the departure of its main operating officer, noting the role was remaining eliminated.
In accordance to the New York Submit, Arnal “jumped to his death” from the Jenga Constructing, an legendary skyscraper in Tribeca that resembles the effectively-recognised video game of stacking blocks.
The organization reported it was “profoundly saddened by this surprising decline” in a statement shared with Fortune.
“Gustavo will be remembered by all he labored with for his management, talent and stewardship of our Business. I am very pleased to have been his colleague, and he will be certainly skipped by all of us at Bed Bathtub & Beyond and all people who had the satisfaction of understanding him,” said Harriet Edelman, Impartial Chair of the Bed Bath & Over and above Inc. Board of Directors, in the statement. “Our focus is on supporting his spouse and children and his workforce and our feelings are with them during this unhappy and hard time. You should be a part of us in respecting the family’s privateness.”
This story was originally featured on Fortune.com