Bed Bath & Beyond CFO, Gustavo Arnal has died after falling from an NYC building.

Just two days after the home retail company announced a new round of shop closures and

layoffs as it seeks to recover from a sales slump, a prominent executive at Bed Bath & Beyond passed away last week.

Gustavo Arnal, the organization's executive vice president and chief financial officer, passed away on Friday, the company announced on Sunday.

Arnal will be remembered for his leadership skills and talent, according to Harriet Edelman,

 the board of directors' independent chair at Bed Bath & Beyond.

He will be greatly missed by all of us at Bed Bath & Beyond and everybody who had the pleasure of knowing him,

said Edelman, adding that she was glad to have been his colleague. 

"Our sympathies are with his family and his team during this sad and difficult time," the statement continued. "Our focus is on supporting them.

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