Blend Hires Former ServiceNow, Snowflake Executive As New Head of Revenue

Rhea-AI Summary

Blend Labs, Inc. (NYSE: BLND) has appointed tech veteran Dean Klinger as its new Head of Revenue. Klinger, with over 25 years of experience, previously held senior roles at Snowflake (NYSE: SNOW) and ServiceNow (NYSE: NOW). Reporting to Nima Ghamsari, Klinger will manage the customer journey as Blend strengthens its position in mortgage and consumer banking sectors. Ghamsari expressed confidence in Klinger’s ability to drive the company's vision forward, leveraging his extensive background in cloud banking software.

Positive

• Appointment of Dean Klinger brings over 25 years of sales and leadership experience.
• Klinger's experience at prominent companies like Snowflake and ServiceNow is expected to benefit Blend.
• Potential for enhanced market share in mortgage and consumer banking due to fresh leadership.

Negative

• Concerns regarding continuity and experience gaps due to a leadership change.

SAN FRANCISCO--(BUSINESS WIRE)-- Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced tech industry veteran Dean Klinger as its new Head of Revenue. Klinger recently served as Senior Vice President of Sales, Major Accounts at Snowflake, Inc. (NYSE: SNOW), a market leader in cloud-based data warehousing and analytics (the data cloud).

Reporting to Head of Blend, Nima Ghamsari, Klinger will oversee Blend’s end-to-end customer journey. Klinger brings 25+ years of sales and leadership experience in the enterprise software space to Blend. He spent 12 of those years in various senior leadership roles in the SaaS cloud space selling highly technical solutions to enterprise customers.

Prior to Snowflake, Klinger held several senior leadership positions at ServiceNow, Inc. (NYSE: NOW), the leading digital workflow company, with the most recent being Vice President of Major Sales, West.

“We are thrilled to welcome Dean to Blend. He brings extensive experience at leading software companies like Snowflake and ServiceNow, helping them rapidly scale to the companies they are today,” said Ghamsari. “Blend continues to grow and capture market share in mortgage while gaining traction in our consumer banking and marketplace business, and I know Dean will help propel our vision forward as a leading cloud banking software provider.”

Klinger has previously held enterprise sales leadership roles at leading technology companies including Data Domain, EMC, and Cisco Systems.

“I couldn't be more excited to join Blend,” said Klinger. “What Nima and team have created is, simply put, the future of banking. Having an automated platform that takes friction and manual process out of our banking needs is not only essential, but expected in our already fast paced, digital world.”

About Blend

Blend is the infrastructure powering the future of banking. Financial providers — from large banks, fintechs, and credit unions to community and independent mortgage banks — use Blend’s platform to transform banking experiences for their customers. Blend powers billions of dollars in financial transactions every day. To learn more, visit www.blend.com.

Forward Looking Disclaimer

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements generally relate to future events, future performance or expectations and involve substantial risks and uncertainties. Forward-looking statements in this press release may include, but are not limited to, our expectations regarding our product roadmap, future products/features, the timing of new product/feature introductions, market size and growth opportunities, macroeconomics and industry conditions, capital expenditures, plans for future operations, competitive position, technological capabilities and strategic relationships. The forward-looking statements contained in this press release are subject to risks and uncertainties that could cause actual outcomes to differ materially from the outcomes predicted. Further information on these risks and uncertainties are set forth in our filings with the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to Blend and assumptions and beliefs as of the date hereof. Except as required by law, Blend does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220906005077/en/

Jacqueline Quasney, press@blend.com

Source: Blend

FAQ

What is the significance of Dean Klinger's appointment at Blend Labs, Inc.?

Dean Klinger, with over 25 years of experience in enterprise software sales, is expected to enhance Blend's growth and customer journey management.

How might Dean Klinger's experience at Snowflake and ServiceNow impact Blend Labs, Inc.?

Klinger's background at Snowflake and ServiceNow may provide valuable insights and strategies to scale Blend's operations and market presence.

What are the potential risks associated with the leadership change at Blend Labs, Inc.?

Leadership changes may raise concerns about continuity and experience gaps, potentially impacting company performance.