Bed Bath & Beyond appoints chief accountant as interim CFO after chief suicide
Shoppers walk out of a Bed Bath & Beyond store in New York.
Michael Nagle | Bloomberg | Getty Images
Bed Bath & Beyond appointed its chief accountant as interim chief financial officer after its former chief executive died on Friday.
Laura Crossen has been interim chief financial officer since Monday, the company said in a statement. normative documents. She will continue to work as the company’s chief accountant.
Former financial director of the company Gustavo Arnal died on Friday in New York. The medical examiner later ruled the death a suicide.
Shares of Bed Bath & Beyond fell about 15% early Tuesday as investors weighed in on the retailer’s outlook. The company is looking for a new CEO after Mark Tritton was fired by the board in June. The company said last week that it would eliminate the positions of chief operating officer and director of storage.
A home goods retailer is trying to revive its business as sales slow and it loses market share to competitors. In preparation for the holiday season, Bed Bath & Beyond announced last week that it had secured more than $500 million in new funding and put in place a new cost management plan, including store closures and layoffs.
If you have suicidal thoughts, contact Lifeline for suicides and crises call 988 for support and assistance from a trained counselor.
This story is evolving. Please stay tuned for updates.
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