UNION, N.J., May 17, 2021 /PRNewswire/ -- Bed Bath
& Beyond Inc. (Nasdaq: BBBY) named John Barresi as Senior Vice President of
Finance, Chief Accounting Officer, effective June 7, 2021. Mr. Barresi will report to
Gustavo Arnal, Executive Vice
President and Chief Financial Officer. In the newly created role,
Mr. Barresi will lead a team responsible for the development and
execution of all corporate accounting and financial reporting
functions, including maintenance of fiscal records, management of
transactional shared services, preparation of internal and external
financial reports, SEC and other regulatory reporting, among other
corporate accounting activities.
The Company announced additional changes in senior finance
positions, each of whom will report into Mr. Arnal, including:
- The promotion of Laura
Crossen to SVP, Treasury, Tax, and Finance
Transformation, effective immediately and also reporting into Mr.
Arnal. Ms. Crossen was previously Vice President and has been with
the Company since 2001.
- Susie A. Kim as Vice
President of Investor Relations, succeeding Janet Barth. Ms. Kim was most recently Vice
President of Investor Relations and Treasurer for ABM Industries,
Inc. She previously held investor relations positions with
Aéropostale and, before that, was an equity research analyst.
- Lisa Adinolfi as Vice
President, Controls, Audit and Risk Services, succeeding
Pasquale Monterosso. Ms. Adinolfi
most recently served as Partner with PwC's Risk Assurance
CFO Arnal said, "John is a strong leader with broad business
experiences and proven ability to effectively analyze complex
financial issues with sound business judgment. As we continue to
execute against our transformation plan and become a true
omni-always retailer, we are pleased to welcome John to our finance
leadership team and implement best-in-class corporate accounting
"Laura has been instrumental in helping us execute our
transformation, especially in divesting businesses to focus the
Company on our core banners. Laura has demonstrated her strong
financial capabilities. I congratulate Laura on this well-deserved
promotion, and welcome Susie and Lisa to Bed Bath & Beyond,"
Mr. Barresi comes to Bed Bath & Beyond from Tiffany &
Co., where he most recently served as Vice President of Global
Business Transformation. In this role, Mr. Barresi was
responsible for the oversight and management of a multi-year
effort to replace or upgrade the company's business processes
and information systems. He previously served as Tiffany's Vice
President and Corporate Controller and led its accounting, external
reporting, internal controls, and financial reporting
processes. Prior to joining Tiffany in 2009, he was the Chief Audit
Executive for The McGraw-Hill Companies. A Certified Public
Accountant, Mr. Barresi began his career with PwC
in audit and business advisory capacities.
Mr. Barresi said, "I am honored to join Bed Bath & Beyond,
especially as this dynamic retailer is in the midst of such an
exciting transformation. I look forward to working with Gustavo and
team to design and execute corporate accounting and financial
reporting practices that meet the evolving needs of both our
internal customers and external stakeholders."
About the Company
Bed Bath & Beyond Inc. and
subsidiaries (the "Company") is an omnichannel retailer that makes
it easy for our customers to feel at home. The Company sells a wide
assortment of merchandise in the Home, Baby, Beauty and Wellness
markets. Additionally, the Company is a partner in a joint
venture which operates retail stores in Mexico under the
name Bed Bath & Beyond.
The Company operates websites at bedbathandbeyond.com,
buybuybaby.ca, harmondiscount.com, facevalues.com,
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SOURCE Bed Bath & Beyond Inc.