Gustav Arnal, an executive vice president and chief financial officer of Bed Bath and Beyond, has been identified as the man who dove from the 18th floor of a New York skyscraper on Friday, according to a report.
Arnal, 52, jumped from a tower in the Tribeca section of Manhattan known as the “Jenga Building”, the New York Post first reported, citing law enforcement sources.
Fox News Digital contacted Bed Bath and Beyond but did not immediately respond.
The incident came two days after Bed Bath and Beyond announced it would cut around 20% of its corporate and supply chain workforce and close 150 low-production stores as part of a broader recovery plan.
Shares at the time fell more than 20% on the news.
Arnal sold 42,513 shares of Bed Bath Stock and Beyond on August 16 for more than $1,029,000, according to MarketBeat.com. After the transaction, Arnal still owned 267,896 shares of the company, valued at over $6,488,000.
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Arnal previously served as chief financial officer of beauty company Avon and held several management positions for over 20 years at Procter and Gamble.
The “Jenga Building” is 60 stories tall and gets its name from the way the deliberately misaligned floors are stacked like the game “Jenga”.