Rent The Runway announces CEO transition, reaffirms 2026 growth guidance

Rent The Runway revealed that co-founder Jennifer Hyman will step down as CEO and president on May 15, succeeded by board member Teri Bariquit as interim CEO. The company reaffirmed its 2026 guidance, expecting double-digit revenue growth, improved EBITDA margins, and reduced rental product acquisition. Bariquit, a retail veteran, will lead alongside the executive team while a search for a permanent CEO continues. The transition comes as Rent The Runway strengthens its financial position and advances initiatives like its online marketplace and AI-driven customer engagement.