Bed Bath & Beyond Names New CFO, Replaces Three More Executives
(Bloomberg) -- Bed Bath & Beyond Inc. named four new executives on Thursday, including a chief financial officer. This marks the latest round of appointments under Chief Executive Office Mark Tritton, who joined the retailer last year from Target Corp.
Gustavo Arnal, who was previously CFO at Avon, will join as the top finance chief. His position is effective as of May 4. The current CFO, Robyn D’Elia, will leave the company.
The Union, New Jersey-based retailer also named Rafeh Masood as chief digital officer and Gregg Melnick as chief stores officer. Arlene Hong will be chief legal officer and corporate secretary.
The home furnishing company is navigating the coronavirus pandemic that has shut most of its roughly 1,500 stores until at least May 16. The company has said one quarter of its locations in the U.S. and Canada have been converted to regional fulfillment centers to help support online sales.
Before the outbreak, Bed Bath & Beyond was trying to revamp its business to compete with the online retailers, discounters and big-box stores that have chipped away at its sales. In February, the company cut about 500 jobs from its roughly 60,000 workforce.
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