Struggling home-goods retailer Bed Bath & Beyond Inc. on Tuesday named an interim executive to lead its finances, a move aimed at reassuring investors after the death of Chief Financial Officer Gustavo Arnal.
Union, N.J.-based Bed Bath & Beyond said Laura Crossen would take over on an acting basis, effective Sept. 5, following the death by suicide of Mr. Arnal on Friday. Ms. Crossen, who joined the company in 2001, was promoted in late June to the role of chief accounting officer after her predecessor John Barresi resigned. She previously held the position of senior vice president of treasury and tax and will continue as principal accounting officer of the company.
