Bed Bath & Beyond, a seller of domestic merchandise and home furnishings, has announced new strategic appointments to the company’s leadership team, each of whom will report to president and CEO, Mark Tritton. This includes the appointment of Gustavo Arnal as executive vice president, chief financial officer (CFO), and treasurer, effective May 4, 2020.
Arnal joins the company following his previous role as group CFO of Avon, prior to which he held senior positions at Walgreens Boots Alliance and Procter & Gamble. Bed Bath & Beyond’s current CFO and treasurer, Robyn D’Elia is departing the company. Arnal will have oversight of finance and will help fortify a strong and sustainable business model. He will have broad responsibilities including M&A, controls, tax, accounting, treasury, audit, and investor relations, the company said in a press release.Bed Bath & Beyond, a seller of domestic merchandise and home furnishings, has announced new strategic appointments to the company's leadership team, each of whom will report to president and CEO, Mark Tritton. This includes the appointment of Gustavo Arnal as executive vice president, chief financial officer (CFO), and treasurer, effective May 4, 2020.#
Arnal is a global leader, with experience leading teams across the US, EMEA, APAC, and LATAM, and has previously served in senior positions at Procter & Gamble, including CFO of India, Middle East and Africa, CFO global fabric and home care, and CFO global personal beauty.
Rafeh Masood is joining the company as executive vice president, chief digital officer, effective May 11, 2020. Masood was most recently senior vice president, chief digital officer at BJ’s Wholesale Club, following earlier strategic positions at Dick’s Sporting Goods, and Sears Holdings. RIS magazine named Masood as one of the ‘Top 10 Movers and Shakers’ in retail in 2017 and a ‘Pacesetter’ in retail technology in 2012.
Gregg Melnick will assume the role of executive vice president, chief stores officer, effective May 11, 2020, from his current role as the company’s interim chief digital officer. Melnick joined Bed Bath & Beyond in 2018 as chief operations officer, digital. Previously, Melnick was president, Party City Holdings.
Melnick joined Bed Bath & Beyond in 2018 as chief operations officer, digital, where he has overseen the significant growth of the company’s digital business. He has been serving as the company’s interim chief digital officer since December 2019. He has also held senior positions at Dow Jones.
Arlene Hong joins the company as executive vice president, chief legal officer, and corporate secretary, effective May 18, 2020. Hong was formerly chief legal officer, senior vice president, and corporate secretary, Fullbeauty Brands, prior to which she held a number of senior legal positions at J.Crew and Amazon. She also previously held the general counsel role for e-commerce retailer Ideeli.
“Bed Bath & Beyond has a long-standing commitment to helping customers build their sense of home. To do so, we must also build on the strong foundations of this business with a new, robust and sustainable business model. I look forward to working with this great leadership team as the company executes on its strategic growth plans and playing my part as a catalyst for cultural and financial change in the business,” Arnal said.
Fibre2Fashion News Desk (GK)
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