Publisher: World Heralds
Author: Eric M Turnbull
Bed Bath and Beyond’s top executive Gustavo Arnal died on the spot, two days after announcing a new round of store closures and layoffs.
The company's rep Harriet Edelman said that Arnal will be missed for his talents and leadership capabilities.
Gustavo Arnal who was 52, was found unresponsive and unconscious after jumping from an elevated psoitition.
The company has announced to shutter off stores and cut down the workforce to cope with a slump in sales.
Prior to joining Bed Bath and Beyond, Arnal worked at Walgreens, Avon, Boots Alliance and P&G.
The activist investment firms made changes with regard to practices of nepotism.
The board was reduced to 10 independent directors from 12 after the restructuring.
Mary Winston replaced Steve Temares as the interim CEO on May 13th 2019.
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