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Jennifer Hyman is the CEO and co-founder of Rent the Runway, a company focused on the renting of high-end clothing and accessories.


Early life and education

Jennifer Hyman grew up in
New Rochelle, New York New Rochelle (; older french: La Nouvelle-Rochelle) is a city in Westchester County, New York, United States, in the southeastern portion of the state. In 2020, the city had a population of 79,726, making it the seventh-largest in the state of ...
, and attended New Rochelle High School. She received her BA in social sciences from Harvard University in 2002. She later attended
Harvard Business School Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...
, where she met co-founder of Rent the Runway
Jennifer Fleiss Jennifer Fleiss is an American businessperson and co-founder of Rent the Runway, a company focused on the renting of high-end clothing and accessories.Moore, Booth"Rent the Runway heads to Vegas' Cosmopolitan in time for New Year's" "Los Angele ...
, and graduated with an MBA in 2009.


Career

In November 2008, Hyman first had the idea for Rent the Runway after witnessing her sister agonize over and drop thousands of dollars on a dress for a wedding, only to wear it once. Hyman says; ''"I realized what she cared about was the experience of walking into a room and feeling like the best version of herself—she didn’t actually care about the ownership of the dress."'' Hyman co-founded Rent the Runway in 2009. A highlight in Hyman's career was taking the company public as the 30th women ever to take her company public in history, and being a part of the first company to go public with a female found/CEO, COO, and CFO. Hyman participates in national conferences and panel discussions regarding topics covering the economy, women in business and company culture. Some of her past speaking engagements include NRF Foundation's "Retail’s Big Show" WWD's Digital Forum and the 99U Conference. Hyman has spoken out publicly against sexual harassment in the tech industry and went public with her own experience on CNBC's '' Squawk Alley'' in July 2017. In May 2018, Hyman published a New York Times op-ed titled "Treating Workers Fairly at Rent the Runway," in which she announced that the company would equalize benefits across its salaried and hourly employees. RTR team members in the company's warehouse and stores and on its customer service team receive the same parental leave, family sick leave, bereavement leave and sabbatical packages as the company's corporate employees. Hyman serves on the Board of Directors of the Estée Lauder Companies, and on the Women.nyc Advisory Board.


Honors

Hyman was listed in ''Fortune'' magazine's
40 Under 40 ''Fortune'' magazine's 40 Under 40 is a list of individuals the publication considers to be the most influential young leaders for the year. The list has existed in two phases: First, from 1999 to 2003, the list was presented purely as a numeric ...
in 2012. Hyman was named one of Time magazine's ''100 Most Influential People of 2019''.


References


External links

*
''Jennifer Hyman and Jennifer Fleiss, Founders of Rent the Runway''
on Maria Shriver's website
''Mystery Guest: `Rent The Runway' CEO Jennifer Hyman''
on Bloomberg TV
How I Built This - Rent the Runway: Jenn Hyman
(NPR podcast) {{DEFAULTSORT:Hyman, Jennifer Businesspeople from New York City American fashion businesspeople American women chief executives American technology chief executives Businesspeople from New Rochelle, New York Harvard Business School alumni People from Greenwich Village American women company founders American company founders Living people 21st-century American women 1980 births New Rochelle High School alumni