Business
BlackLine Announces Leadership Succession as it Drives Growth Strategy
Therese Tucker and Owen Ryan Appointed Co-Chief Executive Officers Thomas Unterman Named Lead Independent Director LOS ANGELES, March 06, 2023 (GLOBE
About this update from Blackline, Inc.
[{"type":"text","content":"Therese Tucker and Owen Ryan Appointed Co-Chief Executive Officers Thomas Unterman Named Lead Independent Director LOS ANGELES, March 06, 2023 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that its Board of Directors has appointed founder, director and former Chief Executive Officer, Therese Tucker, and Board Chair, Owen Ryan, as Co-CEOs, effective immediately. In connection with these changes, Thomas Unterman, who has served as a director since 2010, has been named Lead Independent Director, and Mr. Ryan will remain Chair. Ms. Tucker and Mr. Ryan succeed Marc Huffman, who has agreed to serve as an advisor to the Company for the next year. “BlackLine has significant growth prospects, and the Board decided that Therese and Owen are the right leaders to capitalize on the opportunities ahead for the benefit of BlackLine’s shareholders, customers, partners and employees,” said Mr. Unterman. “Therese has been BlackLine’s visionary and innovative product expert for the past two decades, and Owen is a proven financial and operations executive with nearly 12 years of CEO experience. We are confident that their complementary skillsets and backgrounds solidly position the Company for future growth and value creation.” “I am honored to return to the CEO role to execute BlackLine’s growth strategy and deliver for customers,” noted Ms. Tucker. “BlackLine is the industry leader in a large and growing market with a differentiated portfolio and a remarkable innovation engine. I look forward to partnering with Owen and the rest of BlackLine’s leadership team to drive product innovation, advance our go-to-market strategy and deliver profitable and sustainable growth.” “I am excited to partner with Therese during this important time for our company,” said Mr. Ryan. “Having served as a member of the Board since 2018 and as a strategic partner to the Company prior to that, I have seen how our products help customers adapt to today’s increasing demands. I am committed to continuing to work closely and collaboratively with Therese and the Board to extend our market leadership and position the business to reach its full potential as we drive value for all stakeholders.” Mr. Unterman continued, “The decision to place Therese and Owen at the helm resulted from discussions between the Board and Marc and the determination that now is the...