Bed Bath & Beyond has announced that John Barresi will join the company on June 7 from Tiffany & Co. to serve as its first SVP of Finance and Chief Accounting Officer.
Barresi, who reports to CFO Gustavo Arnal, will be in charge of the home-goods retailer’s corporate accounting and financial reporting functions. This means he will lead the teams responsible for the maintenance of fiscal records, management of transactional shared services, preparation of internal and external financial reports, and SEC and other regulatory reporting.
In a press release, Arnal called Barresi a strong leader who has a proven ability to effectively analyze complex financial issues with sound business judgment. He also stated “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 practices."
Barresi joins Bed Bath & Beyond from storied jewelry house Tiffany & Co., where he oversaw a multi-year effort to modernize the company's business processes and information systems as its VP of Global Business Transformation. He also served as Tiffany's VP and Corporate Controller. Prior to joining Tiffany in 2009, he was the Chief Audit Executive for The McGraw-Hill Companies and spent time at PwC in audit and business advisory capacities.
"I am honored to join Bed Bath & Beyond, especially as this dynamic retailer is in the midst of such an exciting transformation, Barresi said. “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."
In addition to Barresi, Arnal’s growing team will also now include Laura Crossen, who has been promoted to SVP of Treasury, Tax, and Finance Transformation, Susie A. Kim, who was named VP of Investor Relations, and Lisa Adinolfi, who now serves as VP of Controls, Audit, and Risk Services.
Bed Bath and Beyond has undergone an executive overhaul since CEO Mark Tritton took over the embattled retailer in 2019. In the past year alone the company has found a new CFO, Chief Digital Officer, Chief Legal Officer, and Chief Merchandising Officer. In 2019, the company dramatically restructured its Board of Directors.
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