BlackLine Appoints Stuart Van Houten as Chief Commercial Officer

Leadership Transition - Stuart Van Houten will join BlackLine as Chief Commercial Officer on February 17, 2025, succeeding Mark Woodhams, who will retire on June 2, 2025 [1][3] - Van Houten has over 20 years of sales leadership experience, including a successful tenure at SAP where he doubled revenue in the North American Intelligent Spend Management division [2] Company Strategy and Expectations - BlackLine expects its fourth quarter and full year 2024 revenue to meet or slightly exceed the high end of its previously disclosed guidance range [1][4] - The company reaffirms its non-GAAP operating margin guidance for the fourth quarter and full year 2024, with total GAAP revenue expected to be between $167 million to $169 million for Q4 and $651 million to $653 million for the full year [7] Market Position and Future Outlook - BlackLine aims to accelerate platform innovation and expand market reach, focusing on strategic partnerships, particularly with SAP [4] - Van Houten's appointment is anticipated to drive immediate impact due to his expertise in enterprise technology partnerships and industry-specific solutions [4] - The company emphasizes the importance of flawless execution and demonstrating return on investment in the technology transformation of the Office of the CFO [4]