Management ChangeMay 13, 2026, 07:32 AM
Rent the Runway Co-Founder Jennifer Hyman Steps Down as CEO
AI Summary
Rent the Runway, Inc. announced that Co-Founder Jennifer Hyman will step down as CEO, President, and Board member, effective May 15, 2026. She will continue as an advisor until January 2027. Teri Bariquit, a 37-year retail veteran and current Board member, has been appointed Interim CEO and President. The company also reaffirmed its full-year 2026 financial guidance and highlighted momentum in its diversification strategy across AI investments and Marketplace, Media, and B2B platforms.
Key Highlights
- Co-Founder Jennifer Hyman will step down as CEO, President, and Board member, effective May 15, 2026.
- Hyman will remain an advisor to Rent the Runway through January 2027 for a seamless transition.
- Teri Bariquit, a 37-year retail veteran and current Board member, has been appointed Interim CEO and President.
- Bariquit previously served as Chief Merchandising Officer at Nordstrom from 2019 to 2023.
- Rent the Runway continues to accelerate its diversification strategy with investments in AI and growth in Marketplace, Media, and B2B platforms.
- The company reaffirmed its full-year 2026 financial guidance presented on April 14, 2026.
- The Board will conduct a thorough search for the company's next permanent CEO.