Laura Crossen, the company’s chief accounting officer, is taking over Arnal’s position as interim finance chief. Crossen has been with the retailer for over two decades and previously served as the retailer’s senior vice president of finance.
According to a Securities and Exchange Commission filing, Crossen will continue to serve in her chief accounting officer role while also filling in for Arnal.
Arnal unexpectedly passed away last week when the former CFO plunged to his death from New York’s Tribeca skyscraper known as the “Jenga” tower.
He originally joined Bed Bath & Beyond in 2020. Before that, he was the CFO for cosmetics brand Avon in London. He also had more than twenty years of experience working for Procter & Gamble.
The news of his death came less than a week after the retailer revealed its plans to shut down 150 of its stores and lay off roughly 20% of its employees holding corporate and supply chain positions. The announcement sent the company’s stock tumbling by 25% in pre-market trading.
Arnal was recently listed as a defendant in a class action lawsuit filed in a U.S. district court in D.C. by the company’s shareholders, who claimed that they lost around $1.2 billion due to a “pump and dump scheme.”
