Rent the Runway CEO Jennifer Hyman steps down; Teri Bariquit named interim CEO as company advances AI and marketplace growth.

Rent the Runway announced that co-founder and CEO Jennifer Hyman will step down effective May 15, 2026, transitioning to an advisory role through January 2027. Teri Bariquit, a retail veteran and current board member, has been appointed interim CEO to lead the company while a search for a permanent CEO is conducted. The company is focusing on expanding its AI investments, marketplace, media, and B2B platforms, reaffirming its full-year 2026 financial guidance. This leadership change comes as Rent the Runway continues to innovate in fashion rental and diversify its offerings to maintain growth momentum.