Jennifer Hyman Steps Down as Rent The Runway CEO as Teri Bariquit Takes Interim Helm and AI Strategy Accelerates

Jennifer Hyman’s 18 Year Run As Founder CEO Co founding Rent the Runway in 2009, Jennifer Hyman set out to disrupt the trillion dollar fashion industry by pioneering clothing rental at scale and normalizing secondhand fashion.

Under her leadership, the company launched the now famous “Closet in the Cloud” model, served millions of women, forged deep relationships with leading designers, and in 2021 joined a small group of woman founded companies to go public.

In the transition announcement, Hyman said that building Rent the Runway has been “one of the greatest privileges” of her life, noting that what mattered most was the people, partners and customers who helped build it and emphasizing that the business is “stronger today than it has ever been.” She framed her decision to step down now as making room for the next chapter, while she stays on as an advisor through January 2027 to ensure a smooth handover.

Teri Bariquit Steps In As Interim CEO Stepping into the role of Interim CEO and President is Teri Bariquit, a 37 year retail veteran and current Rent the Runway board member who previously served as Chief Merchandising Officer at Nordstrom. At Nordstrom, Bariquit oversaw more…