Rent the Runway CEO Jennifer Hyman Steps Down, Teri Bariquit Appointed Interim CEO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 47 minutes ago
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Source: Globenewswire
- Leadership Transition: Co-Founder and CEO Jennifer Hyman will step down on May 15, 2026, with Teri Bariquit, a 37-year retail veteran and former Chief Merchandising Officer at Nordstrom, appointed as Interim CEO, expected to drive further diversification strategies.
- Financial Guidance Reaffirmed: The company reaffirms its financial guidance for fiscal year 2026, indicating that under Hyman's leadership, Rent the Runway is in a strong financial position to support market expansion and technology investments.
- Strategic Investments and Growth: Bariquit highlights the company's momentum across key areas such as online marketplace, advertising media platform, and B2B services, anticipating enhanced customer engagement and brand partnerships through AI investments and expanded product offerings.
- Brand Impact: Under Hyman's leadership, Rent the Runway successfully disrupted the fashion industry, establishing a powerful brand and loyal customer base, and will continue to leverage its data-driven technology and logistics capabilities to transform women's fashion experiences.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
