BlackLine appoints Greg Hughes to board of directors

LOS ANGELES - Financial operations platform BlackLine, Inc. (NASDAQ:BL), a $3.47 billion market cap company with a robust 75.3% gross profit margin, announced Monday the appointment of Greg Hughes to its Board of Directors, effective July 25, 2025.

Hughes most recently served as CEO of Veritas, where he led the company’s transition to a subscription pricing model and expanded its cloud business. His tenure culminated in a merger of Veritas’ data protection business with Cohesity, where he continues to serve as a board member.

The appointment follows the addition of Sam Balaji, former CEO of Deloitte Consulting, to BlackLine’s board in June 2025. Together, the new directors bring experience in enterprise software, consulting, cybersecurity, and digital transformation.

"With Greg and Sam joining an already strong and strategic board, we are deepening our bench of expertise in enterprise technology, global operations, and transformation at scale," said Owen Ryan, Co-CEO and Chairman of BlackLine.

Hughes previously served on the board of LogMeIn, a publicly traded collaboration software company, from 2011 to 2017.

"I’m honored to join the board and look forward to working with the other board members and leadership team to help advance the company’s strategy," Hughes said in the press release statement.

BlackLine provides financial operations software to more than 4,400 customers across multiple industries, according to the company. The company has demonstrated solid performance with $662.81 million in revenue over the last twelve months, and InvestingPro analysis indicates the stock is currently undervalued based on its Fair Value assessment.

In other recent news, BlackLine has been the focus of several key developments. Citizens JMP reiterated its Market Outperform rating for BlackLine, maintaining a price target of $80, following preliminary due diligence that highlighted five positive data points about the company. Meanwhile, BMO Capital also maintained its Market Perform rating with a $53 price target, expressing optimism about the company’s potential growth. Additionally, Cantor Fitzgerald initiated coverage on BlackLine with a Neutral rating and a $58 price target, citing the company’s potential for robust revenue growth and strong free cash flow.

In corporate governance, BlackLine announced the appointment of Saranga "Sam" Balaji to its Board of Directors, effective June 13, 2025. Balaji, a former Deloitte executive with over three decades of global leadership experience, will also join the Technology and Cybersecurity Committee. His extensive background includes strategic investments in cloud computing and cybersecurity, which could prove beneficial for BlackLine’s future strategies. These developments underscore BlackLine’s ongoing efforts to enhance its leadership and strategic direction.

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