BlackLine Announces Co-CEO Transition: Therese Tucker Steps Down, Owen Ryan Takes Helm

BlackLine has announced a co-CEO transition, with Therese Tucker stepping down from her role effective October 1, 2025. Tucker will remain as founder, while Owen Ryan will continue as sole CEO. The change will take place on October 1, 2025.

BlackLine (NASDAQ: BL) has announced a significant leadership change, with co-CEO and founder Therese Tucker stepping down from her role effective October 1, 2025. Tucker will continue to serve as founder, while Owen Ryan will assume the position of sole CEO and Chairman. This transition is part of BlackLine's strategic evolution and comes at a time of rapid growth and innovation for the company.

Tucker, who has been instrumental in shaping the company's vision and industry impact, will now focus on her role as founder. She will remain actively engaged with the company's executive team and board of directors, continuing to contribute her extensive experience to product development and market strategies. Tucker will also support the company's largest customers in their transformation journeys and maintain a substantial presence in European markets [1].

Owen Ryan, who has been serving as co-CEO and Chairman, will now lead the company as its sole CEO. His appointment reflects BlackLine's commitment to a dynamic leadership team that can drive the company's continued success. "This transition is a pivotal moment for BlackLine's evolution. Therese’s vision not only created BlackLine but shaped our entire industry," said Ryan. "It has been a privilege to serve with her as Co-CEO, and as I continue to lead BlackLine as CEO, I look forward to the Company continuing to benefit from her wisdom and experience" [1].

In addition to the leadership change, BlackLine has also announced the appointment of David Henshall as Lead Independent Director, replacing Tom Unterman. Henshall brings a wealth of experience from his tenure as CEO of various global enterprises and will provide valuable insights to the company's board [2].

BlackLine's platform continues to drive digital finance transformation by empowering organizations with accurate, efficient, and intelligent financial operations. With over 4,400 customers across multiple industries, the company's proven track record of innovation and industry-leading R&D investment positions it as a leader in the financial technology sector [2].

This transition signals BlackLine's commitment to strategic evolution and long-term growth. The company's forward-looking statements highlight its plans to execute on its strategies, attract new customers, and develop new features and solutions. Despite the transition, BlackLine remains focused on its mission to drive digital finance transformation and lead its customers into the future.

References:
[1] https://seekingalpha.com/news/4479337-blackline-announces-co-ceo-transition
[2] https://www.morningstar.com/news/globe-newswire/9506346/blackline-announces-co-ceo-transition-and-new-lead-independent-director