Jennifer Hyman is the dynamic CEO and co-founder of Rent the Runway, a pioneering company that revolutionizes the fashion industry by allowing women to rent high-end clothing and accessories. Hyman’s journey began at Harvard University, where she earned her BA in social sciences in 2002, followed by an MBA from Harvard Business School in 2009. It was during her time at Harvard that she conceived the idea for Rent the Runway after witnessing her sister’s struggle with the high costs of formal wear. In 2009, she co-founded the company, which has since grown into a billion-dollar enterprise, making Hyman one of the few women to achieve such a milestone in the U.S.
Under Hyman’s leadership, Rent the Runway has not only become a household name but also a trailblazer in the e-commerce sector. She successfully took the company public, marking a historic moment as the first IPO led by a female CEO, COO, and CFO. Hyman’s commitment to equalizing benefits for all employees and advocating for moral leadership in business has set a new standard in corporate responsibility. Her innovative approach has garnered significant venture capital, with over $400 million raised from prominent investors.
Hyman is also a sought-after speaker, participating in national conferences and discussions on women in business, company culture, and the economy. Her insights have been recognized by various prestigious platforms, including being named one of Time’s 100 Most Influential People in 2019. She serves on the Board of Directors for The Estée Lauder Companies and is a founding member of the NYSE Board Advisory Council, promoting diversity in corporate governance.
Throughout her career, Hyman has demonstrated resilience and adaptability, particularly during the challenges posed by the COVID-19 pandemic. She successfully navigated Rent the Runway through this crisis, focusing on customer experience and strategic positioning. Hyman’s leadership lessons resonate widely, inspiring future generations of entrepreneurs and business leaders to embrace innovation and prioritize customer satisfaction in their endeavors.