The Union, New Jersey-based company confirmed in a statement Sunday it was Arnal who died. Earlier, the New York Police Department named the person as 52-year-old Arnal, resident of 56 Leonard Street — also known as the Jenga Building. The New York City Medical Examiner’s Office ruled the death a suicide, according to the New York Times.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.
Arnal was among the Bed Bath & Beyond executives who provided details on Wednesday of the company’s turnaround plan, which included cutting 20 per cent of jobs across its corporate and supply-chain operations and closing about 150 lower-producing stores. The plan also envisioned new financing and the sale of as many as 12 million shares.
Arnal joined the retailer in May 2020 as it navigated the coronavirus pandemic. He was previously with Avon Products Inc., Walgreens Boots Alliance Inc. and Procter & Gamble Co. The New York Post first reported Arnal’s death. In a regulatory filing last month, Bed Bath & Beyond said Arnal sold more than 55,000 shares in multiple transactions on Aug. 16-17 as part of a Rule 10b5-1 trading plan entered into in April 2022. Such trading plans are typically adopted by executives to sell stock on a regular basis. The sales garnered US$1.4 million, according to Bloomberg calculations, and Arnal still had almost 255,400 shares remaining.
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