Bed Bath & Beyond stock is down more than 15% following the death of its CFO.
were down in premarket trading Tuesday after the struggling retailer’s chief financial officer died over the weekend.
The stock was down more than 15% as investors weighed the company’s leadership crisis after Gustavo Arnal’s death. Arnalafter falling from a building in downtown Manhattan, police said. The city’s medical examiner’s office later ruled the death a suicide. The loss comes after the company recently eliminated some executive positions, including chief operating officer, as part of its efforts to win back investor confidence and customers. It is also looking for a permanent CEO. Bed Bath & Beyond is operating under an interim chief executive, Sue Gove, after the company’s former leader, Mark Tritton,
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