Rent The Runway CEO Jennifer Hyman to step down

Rent the Runway (RENT) announced that co-founder Jennifer Hyman will step down as CEO, president, and board member, effective May 15. She will remain an advisor to the company through January 2027. Teri Bariquit, current board member of Rent the Runway and a 37-year retail veteran, including serving as former chief merchandising officer at Nordstrom, has been appointed interim CEO and president. Bariquit will lead the company alongside the executive leadership team, and with the support of executive chairman Dhiren Fonseca and the board of directors, who will conduct a thorough search for the company’s next CEO.