Andrew Merrill | Source | Partner in Special Situations group at Prosek Partners
Andrew Merrill
Andy Merrill brings nearly 20 years of strategic financial communications experience to Prosek, with a focus on transaction communications and issues and crisis management working with some of the world’s leading corporations. Prior to joining Prosek, Mr. Merrill was a Senior Managing Director at Teneo, a global strategic consultancy where he counseled CEO’s and boards of directors in the areas of corporate strategy, business operations, media and investor relations, corporate and executive reputation management, transaction communications and other special situations.
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Prosek Partners
Partner in Special Situations group
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By Naming Interim CFO, Bed Bath & Beyond Underscores Need To Respond Quickly To A Crisis
Two days after confirming the death of chief financial officer Gustavo Arnal, Bed Bath & Beyond named Laura Crossen as interim CFO.
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Unexpected changes in key executive leadership can be enormously destabilizing, so the company was wise to announce Laura Crossen as interim CFO on the next business day following a holiday weekend.
In addition to focusing on supporting employees who are likely reeling from the untimely death, among other recent departures, the company now has to focus on answering questions raised in connection with the pending stock fraud lawsuit, which [is] now all the more front-and-center. The sooner they can name a qualified permanent successor, the better.
