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

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

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

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

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

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

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

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"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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