Rent the Runway announced that it is deepening its executive bench with the addition of new executive hires. Joining the company are Scarlett O'Sullivan, previously of SoftBank Capital, who will become Chief Financial Officer, and Maureen Sullivan, formerly of AOL and Google, who will become President of the Events Business. The company will soon announce two additional senior hires from world-class firms as it expands both its special occasion and everyday wear businesses.

The executives will report to CEO Jennifer Hyman. Scarlett O'Sullivan will assume the role of Chief Financial Officer, making certain that Rent the Runway is well capitalized to support the company's growth and continues to deliver on its financial objectives. Previously, O'Sullivan was a Partner at SoftBank Capital where she led growth-stage venture capital investments in ecommerce, mobile applications, online advertising, gaming, and cloud computing.

She also served as Partner and Chief Operating Officer for SoftBank China and India Holdings where she focused on early-stage investments in the U.S. and Asia. Prior to SoftBank, O'Sullivan was an investment banker at Robertson Stephens and Morgan Stanley. Maureen Sullivan joins the company as President of the Events Business, where she will oversee profit and loss for the special occasion business and set the product roadmap.

Previously, Sullivan worked at AOL as President of AOL.com and Lifestyle Brands, where she led all elements of the AOL.com experience including programming, product, and engineering, as well as overseeing strategy, partnerships, and operations. Prior to this role, she was Senior Vice President of Brand, Marketing and Communications at AOL, a role in which she managed brand development and led the global re-branding of AOL. Beth Kaplan, who served as President and Chief Operating Officer, will continue to play a strategic advisory role in the company as well as remaining on Rent the Runway's Board.