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Thursday, Jun 1, 2023

BlackLine Gains on Hiring of Former NetSuite Executive

Shares of BlackLine Inc. rose Tuesday after the company announced the hiring of Mark Woodhams, a former sales executive at NetSuite, as senior vice president of global sales effective July 1. At the Woodland Hills accounting software company, Woodhams will lead BlackLine’s worldwide sales organization. Previously, Woodhams worked at NetSuite where he most recently served as vice president for Europe, the Middle East and Africa. He also has executive stints at Oracle Corp., Hyperion, CapGemini and Citicorp. “Mark’s financial and professional services sectors expertise will be extremely valuable as we seek to extend and strengthen our partner networks in targeted regions around the world,” Chief Executive Therese Tucker said in a statement. BlackLine also announced that Chief Revenue Officer Chris Murphy will leave the company effective July 1. Shares of BlackLIne (BL) rose $2.93, or 6.6 percent, to close Tuesday at $47.48 on the Nasdaq.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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