The Mattress Beth & Past government who took his personal life final Friday served in government roles at Cincinnati-based Procter & Gamble Co. from 1993 to 2017.
When Gustavo Arnal left P&G, he was overseeing operations in additional than 50 international locations that made and bought Procter merchandise.
Over 24 years, he served as chief monetary officer of the corporate’s Indian, Center East & Africa companies, CFO for its material care and private magnificence care divisions, and in government finance roles in Brazil and Mexico.
P&G confirmed the years of his employment. Requested for remark about his contributions, a spokesperson mentioned, “Past that, we don’t typically present extra particulars about staff – present or former.”
Mattress Bathtub & Past CFO jumped to his demise in New York Metropolis
Arnal’s demise was dominated a suicide after his physique was discovered on the bottom under his New York condo constructing on Friday afternoon. He lived on the 18th flooring of a luxurious high-rise within the Tribeca neighborhood.
His demise made information all over the world, particularly amongst New York media shops monitoring Mattress, Bathtub & Past’s efforts to reverse its sliding gross sales and reshape its administration ranks.
The Union, New Jersey-based retailer pushed out its chief government in June. Two different leaders left prime jobs in current days. Solely final week, on Aug. 31, Arnal was one among 4 executives to steer a name with traders to announce plans to shut greater than 150 of about 950 Mattress, Bathtub & Past shops and reduce 20% of its 32,000 jobs.
Arnal, 52, was additionally battling authorized issues. On Aug. 23, he was sued in a federal class-action go well with that accused him, investor Ryan Cohen and different giant shareholders of inflating the corporate’s inventory on the NASDAQ trade. The retailer earlier mentioned the claims had been with out advantage.
On Sunday, the firm introduced Arnal’s demise, saying your entire group was “profoundly saddened by this stunning loss.”
He shall be remembered for his “management, expertise and stewardship” of the corporate, Harriet Edelman, the chair of the corporate’s board of administrators, mentioned in an announcement.
Throughout simply greater than two years as CFO, Arnal helped information the corporate by the pandemic, “remodeling the corporate’s monetary basis,” Edelman mentioned.
After leaving P&G, Arnal was CFO on the Walgreens Boots Alliance, 2017-18; then CFO at Avon, 2019-20. He labored in London for each earlier than assuming the highest finance position at Mattress, Bathtub & Past on Could 4, 2020.
In Cincinnati, he owned a house in Indian Hill, on Tecumseh Path. He bought the house, positioned on greater than three acres simply east of Miami Highway, in 2005 for $840,000, in accordance with the Hamilton County Auditor web site. He bought it in Could 2020 for $775,000.
A local of Venezuela, Arnal married Alexandra Cadenas in July 1994 and so they had two daughters, in accordance with his sparse Fb web page. His LinkedIn web page was deactivated after his demise.
General the household had little social media presence. Calls to Tecumseh Path neighbors weren’t returned.
Arnal earned an undergraduate diploma in mechanical engineering from Simón Bolívar College of Venezuela and a grasp’s diploma in finance from the Metropolitan College of Caracas.
At Mattress, Bathtub & Past, he earned $2.9 million in complete compensation for fiscal 2021, firm filings present.
On Monday, the corporate named its senior vp of finance, Laura Crossen, as interim CFO.
If you happen to or somebody you recognize could also be combating suicidal ideas, you may name or textual content the 988 Suicide & Disaster Lifeline by calling the toll-free quantity, 988, to be related to an authorized disaster heart.
