The highest-level Mattress Bathtub & Past government who apparently jumped off a Tribeca high-rise was a well-regarded businessman whose profession spanned the globe earlier than his sudden demise on Friday.
Gustavo Arnal was employed by Mattress Bathtub & Past in Could 2020 and credited with serving to get the New Jersey-based retail big by the worst of the COVID-19 pandemic, the corporate mentioned in a press release Sunday.
The exec got here aboard as chief monetary officer and government vice chairman after “a distinguished world profession in finance” that included working at “a number of different well-known companies,” the corporate acknowledged Sunday.
Arnal got here from beauty firm Avon, the place he was additionally named the chief vice chairman and CFO beginning in spring 2019, in keeping with the Cincinnati Enterprise Courier. He was at Walgreens Boots Alliance earlier than that, serving as senior vice chairman and CFO of worldwide divisions and world capabilities, the Enterprise Courier mentioned.
Each of these gigs have been based mostly in London.
However most of his profession was at Procter & Gamble, the place he spent 20 years holding numerous positions and dealing with model names together with Pringles potato chips and Tide detergent.
The husband and father of two grownup daughters was CFO of the corporate’s India, Center East and Africa enterprise, the place he oversaw operations in additional than 50 nations, the Cleveland Enterprise Journal reported in Could 2020.
When Arnal was introduced as Mattress Bathtub & Past’s latest rent, he mentioned the corporate needed to construct “on the robust foundations of this enterprise with a brand new, strong and sustainable enterprise mannequin,” the Cleveland Enterprise Journal reported.
He additionally reportedly mentioned he seemed ahead to working as a “catalyst for the cultural and monetary change within the enterprise.”
However the housewares firm has struggled mightily lately and is predicted to shut 150 shops and terminate 20% of its workforce after an announcement about its restructuring got here days earlier than his demise.
Arnal was additionally included in a current lawsuit that accuses him, Chewy.com founder Ryan Cohen and others of artificially inflating the retail’s share value.
The category motion was filed Aug. 23 in Washington, DC.
The corporate’s board of administrators chairman Harriet Edelman mentioned in a part of a press release Sunday concerning the stunning demise, “Our focus is on supporting his household and his crew and our ideas are with them throughout this unhappy and tough time. Please be part of us in respecting the household’s privateness.”
Arnal graduated from Simón Bolívar College of Venezuela with a mechanical engineering diploma and received his grasp’s diploma in finance from the Metropolitan College of Caracas, the multilingual information web site swissinfo.ch reported.
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