BlackLine Appoints Stuart Van Houten as Chief Commercial Officer
BlackLine (BL) has appointed Stuart Van Houten as Chief Commercial Officer, effective February 17, 2025. He will lead the company's global sales organization and revenue operations, succeeding retiring Chief Revenue Officer Mark Woodhams. Van Houten brings over 20 years of sales leadership experience, notably from SAP where he doubled revenue as Chief Revenue Officer of North American Intelligent Spend Management division.
The company expects Q4 and full-year 2024 revenue to meet or exceed the high end of guidance: Q4 revenue of $167-169 million with non-GAAP operating margin of 18.0-19.0%, and full-year revenue of $651.0-653.0 million with operating margin of 19.4-19.6%. These figures are preliminary and subject to final review.
BlackLine (BL) ha nominato Stuart Van Houten come Chief Commercial Officer, con effetto dal 17 febbraio 2025. Dirigerà l'organizzazione globale delle vendite e le operazioni di fatturato dell'azienda, succedendo a Mark Woodhams, Chief Revenue Officer in pensione. Van Houten porta con sé oltre 20 anni di esperienza nella leadership delle vendite, in particolare da SAP, dove ha raddoppiato il fatturato come Chief Revenue Officer della divisione North American Intelligent Spend Management.
L'azienda prevede che il fatturato del quarto trimestre e dell'intero anno 2024 supererà o raggiungerà il limite superiore delle previsioni: fatturato del quarto trimestre di 167-169 milioni di dollari con un margine operativo non GAAP del 18,0-19,0% e un fatturato totale dell'anno di 651,0-653,0 milioni di dollari con un margine operativo del 19,4-19,6%. Queste cifre sono preliminari e soggette a revisione finale.
BlackLine (BL) ha nombrado a Stuart Van Houten como Chief Commercial Officer, con efecto desde el 17 de febrero de 2025. Liderará la organización global de ventas y las operaciones de ingresos de la empresa, sucediendo al Chief Revenue Officer saliente, Mark Woodhams. Van Houten aporta más de 20 años de experiencia en liderazgo de ventas, notablemente de SAP, donde duplicó los ingresos como Chief Revenue Officer de la división de Gestión de Gastos Inteligentes de América del Norte.
La empresa espera que los ingresos del cuarto trimestre y del año completo 2024 cumplan o superen el extremo superior de las previsiones: ingresos del cuarto trimestre de 167-169 millones de dólares con un margen operativo no GAAP del 18,0-19,0%, y unos ingresos anuales de 651,0-653,0 millones de dólares con un margen operativo del 19,4-19,6%. Estas cifras son preliminares y están sujetas a revisión final.
BlackLine (BL)는 스튜어트 반 하우텐을 최고 상업 책임자(Chief Commercial Officer)로 임명했으며, 이는 2025년 2월 17일부터 효력이 발생합니다. 그는 회사의 글로벌 판매 조직과 수익 운영을 이끌며, 퇴임하는 최고 수익 책임자 마크 우드햄스를 이어받게 됩니다. 반 하우텐은 SAP에서 북미 지능형 지출 관리 부문의 최고 수익 책임자로서 수익을 두 배로 증가시킨 20년 이상의 판매 리더십 경험을 가지고 있습니다.
회사는 2024년 4분기 및 연간 수익이 가이드라인의 상단을 초과하거나 이를 초과할 것으로 예상하고 있습니다: 4분기 수익은 1억 6,700만~1억 6,900만 달러, 비 GAAP 운영 마진은 18.0-19.0%, 연간 수익은 6억 5,100만~6억 5,300만 달러, 운영 마진은 19.4-19.6%입니다. 이 숫자는 잠정적이며 최종 검토를 받을 수 있습니다.
BlackLine (BL) a nommé Stuart Van Houten au poste de Chief Commercial Officer, à compter du 17 février 2025. Il dirigera l'organisation mondiale des ventes et les opérations de revenus de l'entreprise, succédant à Mark Woodhams, le Chief Revenue Officer partant. Van Houten possède plus de 20 ans d'expérience en leadership des ventes, notamment chez SAP, où il a doublé les revenus en tant que Chief Revenue Officer de la division Gestion des Dépenses Intelligent d'Amérique du Nord.
L'entreprise s'attend à ce que les revenus du quatrième trimestre et de l'année complète 2024 atteignent ou dépassent le haut de la fourchette de prévision : des revenus du quatrième trimestre de 167 à 169 millions de dollars avec une marge opérationnelle non GAAP de 18,0 à 19,0 %, et des revenus annuels de 651,0 à 653,0 millions de dollars avec une marge opérationnelle de 19,4 à 19,6 %. Ces chiffres sont préliminaires et soumis à un examen final.
BlackLine (BL) hat Stuart Van Houten zum Chief Commercial Officer ernannt, der am 17. Februar 2025 in Kraft tritt. Er wird die globale Vertriebsorganisation und die Einnahmeoperationen des Unternehmens leiten und folgt dem scheidenden Chief Revenue Officer Mark Woodhams nach. Van Houten bringt über 20 Jahre Erfahrung in der Vertriebsleitung mit, insbesondere von SAP, wo er als Chief Revenue Officer der Nordamerikanischen Abteilung für intelligentes Ausgabenmanagement die Einnahmen verdoppelte.
Das Unternehmen erwartet, dass der Umsatz im vierten Quartal und im Gesamtjahr 2024 die obere Grenze der Prognose erreichen oder übertreffen wird: Umsatz im vierten Quartal von 167-169 Millionen US-Dollar mit einer non-GAAP-Betriebsrendite von 18,0-19,0% und ein Gesamtjahresumsatz von 651,0-653,0 Millionen US-Dollar mit einer Betriebsrendite von 19,4-19,6%. Diese Zahlen sind vorläufig und unterliegen einer endgültigen Prüfung.
- Expected to meet or exceed high end of Q4 and FY2024 revenue guidance
- New CCO brings proven track record of doubling revenue at SAP division
- Operating margins remain within guidance range for Q4 and FY2024
- None.
Stuart Van Houten, Will Join BlackLine Effective February 17, 2025, and Succeed Mark Woodhams as Head of Global Sales Team
BlackLine Expects Fourth Quarter and Full Year 2024 Revenue to Meet or Slightly Exceed High End of Guidance Range; Reaffirms Non-GAAP Operating Margin Guidance
LOS ANGELES, Jan. 13, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) (“BlackLine” or the “Company”), the future-ready platform for the Office of the CFO, today announced that Stuart Van Houten, a seasoned technology and enterprise SaaS veteran, will assume the newly created role of Chief Commercial Officer on February 17, 2025. Mr. Van Houten will be responsible for leading the Company’s global sales organization and revenue operations. He will succeed BlackLine’s current Chief Revenue Officer, Mark Woodhams, as head of the global sales team. Mr. Woodhams will retire effective June 2nd.
Mr. Van Houten brings over 20 years of sales leadership and strategic expertise to BlackLine, with nearly a decade spent in roles of increasing responsibility at SAP. Most recently, he has served as the Chief Revenue Officer for SAP’s North American Intelligent Spend Management division, where he successfully doubled the division’s revenue during his tenure. At SAP, he has led a high-performing team of hundreds of professionals across sales, customer success, solution and value advisory, in delivering innovation and fostering strong client relationships. Mr. Van Houten has also held transformative leadership roles at Orchestro, Clarabridge, and GridPoint, where he scaled revenues, built global teams, and spearheaded successful transitions to SaaS models.
"We are incredibly excited to welcome Stuart to BlackLine. His experience accelerating growth and leading large sales teams make him a perfect fit for BlackLine and where we are in our transformation. We also want to recognize Mark and, on behalf of our Board of Directors and executive leadership team, thank him for his valuable contributions to BlackLine for almost seven years. We wish him all the best and thank him for helping to ensure a smooth transition,” said Therese Tucker, Co-CEO and Founder of BlackLine.
“At our November Investor Day, we presented our refined strategy centered on accelerating platform innovation, while expanding our market reach, with particular focus on strategic partnerships, including SAP," said Owen Ryan, Co-CEO and Chairman of BlackLine. “Stuart's appointment is expected to accelerate this momentum, bringing his deep expertise in enterprise technology partnerships and industry-specific solutions to drive immediate impact."
“I’ve seen firsthand how compelling the BlackLine offering is, and it is exciting to join this team at this pivotal moment,” said Mr. Van Houten. “I think Owen and Therese have re-energized BlackLine and strengthened its position in the market. The Office of the CFO is at the center of technology transformation, where flawless execution is the goal, and return on investment must be demonstrated. I’m confident the BlackLine offering and this team have substantial runway for growth and are poised for incredible success.”
BlackLine also announced that it expects fourth quarter and full year 2024 revenue to meet or slightly exceed the high end of its previously disclosed guidance range. The Company also expects non-GAAP operating margin to be within the guidance range for the fourth quarter and the full year 2024. The previously disclosed ranges are below:
Previously Disclosed Fourth Quarter 2024 Guidance
- Total GAAP revenue is expected to be in the range of
$167 million to$169 million . - Non-GAAP operating margin is expected to be in the range of
18.0% to19.0% .
Previously Disclosed Full Year 2024 Guidance
- Total GAAP revenue is expected to be in the range of
$651.0 million to$653.0 million . - Non-GAAP operating margin is expected to be in the range of
19.4% to19.6% .
The preliminary estimated financial results for the fourth quarter ended December 31, 2024 are preliminary, unaudited and subject to completion, and may change as a result of management's continued review. Such preliminary results are subject to the finalization of quarter and year-end financial and accounting procedures.
About BlackLine
BlackLine (Nasdaq: BL), the future-ready platform for the Office of the CFO, drives digital finance transformation by empowering organizations with accurate, efficient, and intelligent financial operations. BlackLine’s comprehensive platform addresses mission-critical processes, including record-to-report and invoice-to-cash, enabling unified and accurate data, streamlined and optimized processes, and real-time insight through visibility, automation, and AI. BlackLine’s proven, collaborative approach ensures continuous transformation, delivering immediate impact and sustained value. With a proven track record of innovation, industry-leading R&D investment, and world-class security practices, more than 4,400 customers across multiple industries partner with BlackLine to lead their organizations into the future.
For more information, please visit blackline.com.
Forward-looking Statements
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “could,” “expect,” “plan,” anticipate,” “believe,” “estimate,” “predict,” “intend,” “potential,” “would,” “continue,” “ongoing” or the negative of these terms or other comparable terminology. Forward-looking statements in this release include statements regarding our growth plans, strategies and opportunities, our expected financial results for the fourth quarter and full year ended December 31, 2024 and trends in our business.
Any forward-looking statements contained in this press release are based upon BlackLine’s current plans, estimates and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management’s good faith beliefs and assumptions as of that time with respect to future events and are subject to risks and uncertainties. If any of these risks or uncertainties materialize or if any assumptions prove incorrect, actual performance or results may differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, risks related to the Company’s ability to execute on its strategies, attract new customers, enter new geographies and develop, release and sell new features and solutions; and other risks and uncertainties described in the other filings we make with the Securities and Exchange Commission from time to time, including the risks described under the heading “Risk Factors” in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q.
Forward-looking statements should not be read as a guarantee of future performance or results, and you should not place undue reliance on such statements. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
Media Contact:
Samantha Darilek
samantha.darilek@blackline.com
Investor Relations Contact:
Matt Humphries, CFA
matt.humphries@blackline.com
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