Rent the Runway CEO Jennifer Hyman resigns; Teri Bariquit appointed interim CEO effective May 15
Rent the Runway, Inc.
Co-founder Jennifer Hyman steps down as CEO, President and Board member effective May 15, 2026; will remain advisor through Jan 2027 at $62,500/month.
Teri Bariquit, former Nordstrom CMO and current Board member, appointed interim CEO and President; receives $50,000/month plus up to $125,000 annual bonus and 100,000 PSUs.
Hyman receives $1.5875M closing payment vesting, acceleration of 103,047 RSUs, and a lifetime subscription to the rental service as part of separation.
Board will conduct a search for a permanent CEO; company reaffirms full-year 2026 financial guidance issued on April 14, 2026.
On May 12, 2026, Jennifer Hyman resigned as Chief Executive Officer and President of Rent the Runway, Inc. (the “Company”) and as a member of the Company’s board of directors (the “Board”), effective as of May 15, 2026
On May 12, 2026, Jennifer Hyman resigned as Chief Executive Officer and President of Rent the Runway, Inc. (the “Company”) and as a member of the Company’s board of directors (the “Board”), effective as of May 15, 2026
On May 12, 2026 Teri Bariquit, age 65, who is a member of our Board, was appointed as the interim Chief Executive Officer and President of the Company, effective as of the Separation Date until the Board appoints a permanent Chief Executive Officer and President to succeed Ms. Hyman.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Jennifer Hyman resigned as Member of the Board of Directors at Rent the Runway, Inc..
Action
resigned
Role
Member of the Board of Directors
Exact text from the filing
On May 12, 2026, Jennifer Hyman resigned as Chief Executive Officer and President of Rent the Runway, Inc. (the “Company”) and as a member of the Company’s board of directors (the “Board”), effective as of May 15, 2026
Jennifer Hyman resigned as Chief Executive Officer and President at Rent the Runway, Inc..
Action
resigned
Role
Chief Executive Officer and President
Exact text from the filing
On May 12, 2026, Jennifer Hyman resigned as Chief Executive Officer and President of Rent the Runway, Inc. (the “Company”) and as a member of the Company’s board of directors (the “Board”), effective as of May 15, 2026
Teri Bariquit was appointed as Interim Chief Executive Officer and President at Rent the Runway, Inc..
Action
appointed
Role
Interim Chief Executive Officer and President
Exact text from the filing
On May 12, 2026 Teri Bariquit, age 65, who is a member of our Board, was appointed as the interim Chief Executive Officer and President of the Company, effective as of the Separation Date until the Board appoints a permanent Chief Executive Officer and President to succeed Ms. Hyman.
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