Rent the Runway also announced today that Paige Thomas has been appointed Chief Executive Officer and President and member of the Board of Directors, effective September 14, 2026, succeeding Teri Bariquit, who has served as Interim CEO and President since May 2026. Ms. Bariquit has been appointed non-executive Chair of the Board of Directors, effective the same date, and will work closely with Ms. Thomas to support the transition. Dhiren Fonseca, will step down as Executive Chairman, and continue as a member of the Board. The Board of Directors thanks and acknowledges Mr. Fonseca for his leadership during the period of transition.

Ms. Thomas brings over 30 years of retail leadership to the role. She joined Rent the Runway as Chief Commercial Officer in June 2026, and previously served as Chief Merchant and Product Innovation Officer at Signet Jewelers, President and CEO of Saks OFF 5TH, and spent more than a decade at Nordstrom, including five years leading Nordstrom Rack.

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