{"id":490573,"date":"2022-09-06T00:07:10","date_gmt":"2022-09-05T21:07:10","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bed-bath-beyond-faces-leadership-void-after-gustavo-arnals-death\/"},"modified":"2022-09-06T00:07:10","modified_gmt":"2022-09-05T21:07:10","slug":"bed-bath-beyond-faces-leadership-void-after-gustavo-arnals-death","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bed-bath-beyond-faces-leadership-void-after-gustavo-arnals-death\/","title":{"rendered":"#Bed Bath &#038; Beyond faces leadership void after Gustavo Arnal&#8217;s death"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a25717fbcd17\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a25717fbcd17\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bed-bath-beyond-faces-leadership-void-after-gustavo-arnals-death\/#%E2%80%9CBed_Bath_Beyond_faces_leadership_void_after_Gustavo_Arnals_death%E2%80%9D\" >&#8220;Bed Bath &#038; Beyond faces leadership void after Gustavo Arnal&#8217;s death&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CBed_Bath_Beyond_faces_leadership_void_after_Gustavo_Arnals_death%E2%80%9D\"><\/span>&#8220;Bed Bath &#038; Beyond faces leadership void after Gustavo Arnal&#8217;s death&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Embattled retailer Bed Bath &amp; Beyond needs to move quickly to shore up its executive ranks after the sudden death of its chief financial officer, an expert told The Post on Monday.<\/p>\n<p>Gustavo Arnal jumped to his death from the 18th floor of his luxury Manhattan apartment building early Saturday. The 52-year-old executive recently announced the company secured a $500 million financing deal to help it restructure while addressing declining sales.<\/p>\n<p>\u201cThe company is in crisis,\u201d bankruptcy attorney Eric Snyder of Wilk Auslander told The Post on Monday. \u201cNow that there is a vacancy for the CFO, the logical next step is to bring in a restructuring officer to either restructure the company with the creditor groups or sell the company through an organized bankruptcy process.\u201d<\/p>\n<p>The retailer, which is trying to stave off bankruptcy, is expected to name Arnal\u2019s successor before the markets open on Tuesday, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/bed-bath-beyond-faces-leadership-gap-after-executives-death-11662393909?mod=hp_lead_pos6\">according to a Wall Street Journal report<\/a>, amid a leadership vacuum and potentially damaging litigation.<\/p>\n<p>The C suite has seen an exodus after losing its chief executive, Mark Tritton, and its chief merchandising officer, Joe Hartsig, on June 29. Last week, Chief Operating Officer John Hartmann stepped down. <\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/bed-bath-beyond-leadership-06-Gustavo.jpg?w=1024\" alt=\"Gustavo Arnal.\" class=\"wp-image-23741883\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/bed-bath-beyond-leadership-06-Gustavo.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/bed-bath-beyond-leadership-06-Gustavo.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/bed-bath-beyond-leadership-06-Gustavo.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Gustavo Arnal recently announced BB&amp;B secured a $500 financing deal to help it restructure while addressing declining sales<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/bed-bath-beyond-leadership-01-body-bag.jpg?w=1024\" alt=\"Paramedics putting a body bag into an ambulance.\" class=\"wp-image-23741894\" width=\"618\" height=\"467\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/bed-bath-beyond-leadership-01-body-bag.jpg?quality=75&amp;strip=all&amp;w=1236 1236w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/bed-bath-beyond-leadership-01-body-bag.jpg?quality=75&amp;strip=all&amp;w=927 927w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/bed-bath-beyond-leadership-01-body-bag.jpg?quality=75&amp;strip=all&amp;w=618 618w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/bed-bath-beyond-leadership-01-body-bag.jpg?quality=75&amp;strip=all&amp;w=309 309w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/bed-bath-beyond-leadership-01-body-bag.jpg?quality=75&amp;strip=all 1024w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\"\/><figcaption>Arnal, 52, leaped to his death from his 18th-floor apartment in lower Manhattan.<\/figcaption><figcaption><span class=\"credit\">Robert Miller<\/span><\/figcaption><\/figure>\n<p>Separately, Arnal was named in an Aug. 23 insider trading lawsuit against the company alleging that he misled investors. The complaint, filed in federal court in Washington, D.C., also named activist investor Ryan Cohen, who dumped his shares in the retailer last month to bag $68 million.<\/p>\n<p>The complaint alleges that \u201cdisclosures made by certain of our investors about their holdings\u2026were materially false or misleading,\u201d <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bedbathandbeyond.gcs-web.com\/node\/16401\/html\">the company said in a securities filing<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/bed-bath-beyond-store-2-store.jpg?w=1024\" alt=\"A Bed Bath &amp; Beyond store entrance.\" class=\"wp-image-23741910\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/bed-bath-beyond-store-2-store.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/bed-bath-beyond-store-2-store.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/bed-bath-beyond-store-2-store.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Bed Bath &amp; Beyond is facing a perfect storm of declining sales, a leadership crisis and creditor anxieties.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>Bed Bath &amp; Beyond said it\u2019s in \u201cearly stages of evaluating the complaint\u201d but believes that the \u201cclaims are without merit.\u201d\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/09\/05\/bed-bath-beyond-faces-leadership-void-after-gustavo-arnals-death\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Bed Bath &#038; Beyond faces leadership void after Gustavo Arnal&#8217;s death&#8221; Embattled retailer Bed Bath &amp; Beyond needs to move quickly to shore up its executive ranks after the sudden death of its chief financial officer, an expert told The Post on Monday. Gustavo Arnal jumped to his death from the 18th floor of his&#8230;<\/p>\n","protected":false},"author":1,"featured_media":490574,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/09\/bed-bath-beyond-leadership-comp.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[132865,4978,77953,74114,70470,73247],"class_list":["post-490573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-9-5-22","tag-bankruptcy","tag-bed-bath-beyond","tag-home-decor","tag-retail","tag-suicide"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/490573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=490573"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/490573\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/490574"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=490573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=490573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=490573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}