BlackLine Adds BP Veteran to Board, Shares Drop

Blackline, Inc. (NASDAQ: BL) has announced the addition of Camille Drummond to its board of directors, effective March 15th, 2024. Drummond, a 36-year veteran of global oil, gas, and energy leader BP, brings extensive business process services expertise to Blackline. As the Senior Vice President of Global Business Services at BP, she has overseen worldwide finance, procurement, customer, and HR business services teams.

Drummond's appointment is expected to support Blackline's long-term growth trajectory, extend its market leadership, and elevate its position within the office of the CFO. Owen Ryan, Chairman and Co-CEO of Blackline, expressed confidence in Drummond's ability to drive long-term bottom-line growth and value through her deep understanding of complex global operations.

Moreover, Drummond's recognition for her distinguished career at BP and her advocacy for diversity and inclusion has been highlighted, as she has been named to the UK's 'Powerlist' of the 100 most influential black leaders for the past five years. Her vision for innovation, excellence, and customer success aligns with Blackline's goals, as she aims to support the company's mission to be the premier technology partner to the office of the CFO.

Blackline, a market-leading cloud platform, provides solutions to manage and automate financial close, intercompany accounting, invoice-to-cash, and consolidation processes. More than 4,300 customers trust Blackline to help them close faster with complete and accurate results. The company is recognized as the pioneer of the cloud financial close market and is a global company with operations in major business centers worldwide.

As a result of these announcements, the company's shares have moved -2.2% on the market, and are now trading at a price of $64.16. For the full picture, make sure to review BlackLine's 8-K report.

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