Mattress Tub & Past CFO falls to demise days after firm publicizes huge closures and layoffs


A Mattress Tub & Past govt is useless following a fall from the downtown Manhattan luxurious skyscraper the place he lived, in accordance with police and a number of media studies.

The demise of Gustavo Arnal, 52, the corporate’s chief monetary officer, comes days after the retail chain announced it will shut about 150 of its greater than 700 namesake shops and lay off about 20% of its 32,000 staff after its inventory fell greater than 21% final Wednesday, and 65% up to now yr, in accordance with The Related Press.

Arnal was pronounced useless when emergency medical personnel discovered him at round 12:30 p.m. on Friday close to Leonard Road and West Broadway, police advised NBC Information in an announcement, noting that he “appeared to undergo from accidents indicative from a fall from an elevated place.

“The New York Metropolis Medical Examiner’s Workplace will decide the reason for demise and the investigation stays ongoing,” police stated.

A consultant for Mattress Tub & Past didn’t instantly reply to a request for remark from NBC Information.

Arnal was a resident of 56 Leonard Road, in accordance with police. The 60-story tower is nicknamed the “Jenga Constructing” because of its misaligned residences, giving it the appearance of the block stacking recreation.

Final yr, a penthouse within the constructing bought for $50 million, according to the Real Deal, which reported that residents embody the singer Frank Ocean and the actor Keegan Michael-Key.

The constructing administration didn’t instantly reply to a request for remark from NBC Information.

Arnal beforehand held govt roles on the beauty-product firm Avon, the pharmacy chain Walgreens, and Procter & Gamble, in accordance with his biography on the Mattress Tub & Past website, and his LinkedIn page, which additionally word that he had an undergraduate diploma in mechanical engineering from the Universidad Simon Bolivar and a grasp’s diploma in finance from the Universidad Metropolitana, each in Caracas, Venezuela.

Final yr, Arnal took house $2.9 million as CFO of Mattress Tub & Past, together with $775,000 in wage and the remainder in inventory awards, according to InsiderTrades.com.

Final month, he bought greater than 42,500 shares of firm inventory value greater than 1,000,000 {dollars}, according to the website MarketBeat.

Mattress Tub & Past’s inventory took a serious hit final month after an influential investor sold all of his nearly 7.8 million shares. And the corporate continues to be looking for a everlasting chief govt officer after former CEO Mark Tritton was ousted in June after lower than three years on the job, in accordance with the AP.

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