Management ChangeMay 13, 2026, 07:37 AM
Rent the Runway CEO Jennifer Hyman steps down; Teri Bariquit named Interim CEO
AI Summary
Jennifer Hyman, Co-Founder, CEO, and President of Rent the Runway, resigned effective May 15, 2026, and will transition to an advisory role through January 2027. Teri Bariquit, a current board member and former Nordstrom executive, has been appointed Interim CEO and President. The company reaffirmed its full-year 2026 financial guidance and highlighted its ongoing diversification strategy across AI, marketplace, media, and B2B platforms.
Key Highlights
- Jennifer Hyman resigned as CEO, President, and Board member, effective May 15, 2026.
- Teri Bariquit appointed Interim CEO and President, effective May 15, 2026.
- Hyman to receive $62,500 monthly advisory fee through January 2027.
- Hyman's $1,587,500 Closing Payment vests; 103,047 restricted stock units accelerate.
- Bariquit to receive $50,000 monthly fee as interim CEO, plus up to $125,000 annual bonus.
- Bariquit granted 100,000 performance stock units.
- Rent the Runway reaffirmed full year 2026 financial guidance.
Price Impact
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