BlackLine co-CEO Therese Tucker to transition out of role

BlackLine (BL) announced that Therese Tucker, co-CEO and founder of BlackLine, will transition from her role as co-CEO effective October 1. As of that date Tucker will serve as founder, while Owen Ryan, co-CEO and chairman of BlackLine, will continue as CEO of the company. In the founder role, Tucker will continue as a member of BlackLine’s executive team and will be actively engaged in the market. Her role will also involve a substantial presence in European markets. As part of this planned transition, Jeremy Ung, BlackLine’s CTO, will lead the product and technology organization as well as BlackLine’s India operations.