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Friday, Feb 23, 2024

BlackLine Announces New Chairman

BlackLine Inc. announced on Thursday a new chairman of its board of directors and two new members of the board.

The Woodland Hills accounting software developer said that former Deloitte Advisory Chief Executive Owen Ryan was been elected as the board chairman effective Jan. 1.

A member of BlackLine’s board since 2018, Ryan will continue to draw on his extensive boardroom and leadership experience in his new role, according to a release from the company.

Ryan assumed the chairman role as part of a planned succession from BlackLine founder and former Chief Executive Therese Tucker, who served as the board’s executive chair from January 2021 to December of last year. Tucker remains on the board.

“The BlackLine board of directors is so appreciative of Therese’s leadership as executive chair over the past two years, and we are thrilled that her work as a leader in BlackLine and as a board member will continue,” Ryan said in a statement. “As chair, I look forward to furthering the work of the board and working with our CEO Marc Huffman as we continue to build and grow this great company.”

Also effective Jan. 1, Bruny Rios, chief accounting officer (CAO) of Dell Technologies, and Amit Yoran, chief executive of cybersecurity company Tenable, have joined the board, the BlackLine release said.

Rios’ and Yoran’s combined professional and industry experience will help support BlackLine’s long-term growth strategy, the release added.

“As a CAO, I am well-versed in not only the importance of modernizing the accounting function, but also its challenges,” Rios said in a statement. “I’ve seen the power of BlackLine and am eager to contribute to the continued growth of BlackLine by sharing my customer perspective.”

“BlackLine has always prioritized innovation in how companies think about their accounting processes and systems,” Yoran added in a statement. “I look forward to sharing my experiences in rapidly scaling a growth company as well as contributing to the company’s ongoing commitment to world-class security, safeguards and compliance controls.”

Shares in BlackLine (BL) closed down $2.22, or about 3.2%, to $66.44 on the Nasdaq, on a day when that market closed down just more than 1%.

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is Interim Editor at the Los Angeles Business Journal and the Inside The Valley. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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