Bed Bath & Beyond CFO Gustavo Arnal fell to his death in Manhattan

After authorities first reported that Arnal died after a fall, Bed Bath & Beyond on Sunday confirmed that Arnal passed away over the weekend.

The firm released a statement saying, "The whole Bed Bath & Beyond Inc. group is truly devastated by this tragic loss."

Police said 52-year-old Arnal fell from a skyscraper in central Manhattan on Friday afternoon.

Known locally as the "Jenga Tower" or the "Jenga Building," the landmark skyscraper boasts more than 50 levels of unusually stacked flats.

According to a representative from New York's Office of the Deputy Commissioner,

the public information office for the city's police department, Emergency Medical Services declared the victim dead on the site.

CNN was informed on Sunday by a law enforcement source that Arnal's wife had seen him jump.

The insider added that although no suicide note had been discovered, criminal activity was not thought to be involved.

According to the New York Times, police believe it to be a suicide, but an NYPD representative told CNBC that the Medical Examiner's Office will ultimately determine the cause of death.