Bed Bath & Beyond Inc. Mourns the Loss of Executive Vice President and Chief Financial Officer, Gustavo Arnal
Bed Bath & Beyond Inc. (NASDAQ: BBBY) announced the passing of its Executive Vice President and Chief Financial Officer, Gustavo Arnal, who died on September 2, 2022. His leadership was pivotal in navigating the company through the challenges of the coronavirus pandemic and strengthening its financial foundation. Bed Bath & Beyond expressed deep condolences, emphasizing the profound impact of Mr. Arnal's contributions to both the company and the financial community. The organization is now focused on supporting his family and team during this difficult time.
- Gustavo Arnal was instrumental in transforming the company's financial foundation during the pandemic.
- He contributed to building a strong and talented team at Bed Bath & Beyond.
- The loss of a key executive may create uncertainty in the company's financial strategy.
- There could be potential disruptions in leadership at a time when the company is navigating challenges.
UNION, N.J., Sept. 4, 2022 /PRNewswire/ -- Bed Bath & Beyond Inc. (NASDAQ: BBBY) today announced that Gustavo Arnal, Executive Vice President and Chief Financial Officer of the Company, passed away on September 2, 2022. The entire Bed Bath & Beyond Inc. organization is profoundly saddened by this shocking loss.
"I wish to extend our sincerest condolences to Gustavo's family. Gustavo will be remembered by all he worked with for his leadership, talent and stewardship of our Company. I am proud to have been his colleague, and he will be truly missed by all of us at Bed Bath & Beyond and everyone who had the pleasure of knowing him," said Harriet Edelman, Independent Chair of the Bed Bath & Beyond Inc. Board of Directors. "Our focus is on supporting his family and his team and our thoughts are with them during this sad and difficult time. Please join us in respecting the family's privacy."
Mr. Arnal joined Bed Bath & Beyond Inc. in May 2020 following a distinguished global career in finance at Avon, Walgreens Boots Alliance, and Procter & Gamble. At Bed Bath & Beyond Inc., Mr. Arnal was instrumental in guiding the organization throughout the coronavirus pandemic, transforming the Company's financial foundation and building a strong and talented team. He was also an esteemed colleague in the financial community.
About the Company
Bed Bath & Beyond Inc. and subsidiaries (the "Company") is an omnichannel retailer that makes it easy for our customers to feel at home. The Company sells a wide assortment of merchandise in the Home, Baby, Beauty and Wellness markets. Additionally, the Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond.
The Company operates websites at bedbathandbeyond.com, bedbathandbeyond.ca, buybuybaby.com, buybuybaby.ca, and facevalues.com.
Contacts:
INVESTORS: Susie A. Kim, IR@bedbath.com
MEDIA: Julie Strider, Media@bedbath.com
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SOURCE Bed Bath & Beyond Inc.
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