Bed Bath & Beyond confirms death of CFO after reported Manhattan high-rise fall

Bed Bath & Beyond confirmed Sunday its CFO and executive vice president Gustavo Arnal died on Friday after he fell to his death from the 18th-floor balcony of his Manhattan high-rise, according to multiple reports. 

Bed Bath & Beyond did not state how Arnal, who joined the company in May 2020, had died, but said it is "profoundly saddened by this shocking loss."

Law enforcement sources told The New York Post, CNN and local outlets that the 52-year-old Arnal fell from the iconic Tribeca "Jenga Building" while his wife was at home. Officials did not find a suicide note, nor did Arnal say anything to his wife, and authorities do not suspect foul play.

Just over two weeks before his death, Arnal sold about $1 million in Bed Bath & Beyond shares. 

The company has been facing problems and last week announced plans to reduce its workforce by 20% and close about 150 of its stores.