Bed Bath & Beyond Appoints Laura Crossen As Interim Finance Chief: Report

Bed Bath & Beyond Inc BBBY has named Laura Crossen as interim Chief Financial Officer effective Monday, the Wall Street Journal reported.
The move aims to reassure the investors who were worried about the debt-laden company’s prospects following its CFO Gustavo Arnal’s death by suicide.
Crossen joined the company in 2001 and was recently working as its chief accounting officer.
Arnal jumped to his death from a New York City building on Friday. Two days earlier, he had put forth the retailer’s restructuring plans, including job cuts and store closures.
The company had recently seen the departure of its CEO Mark Tritton who was replaced after the company’s unimpressive earnings for two consecutive quarters.
The stock was on a decline after activist investor Ryan Cohen exited his position Aug. 18 five months after opening it.
The stock has been down about 50% since the beginning of 2022.
Price Action: BBBY shares are trading lower by 14% at $7.43 on the last check Tuesday.
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