BlackLine CEO Therese Tucker, Rare Woman Founder Atop A Public Tech Company, Plans To Step Down

Offering accounting software that looks to provide digital alternatives to manual processes and bookkeeping for large businesses, Los Angeles-based BlackLine got its start in 2001 and hit the market the following year on the strength of Tucker’s retirement savings.

as chief operating officer, following 14 years at NetSuite, one of BlackLine’s partners. He was named president in February. Huffman had led operations at BlackLine for more than a year, Tucker says, and has more recently led the company’s Covid-19 response group. “Mark is very measured, he listens to everybody, weighs all the different pieces of information. I’m already six miles down the road,” Tucker adds.for GAAP revenue to reach $335.5 to $338.

Tucker’s eventual retirement from the CEO role into a chairperson role will come as bittersweet to those who desire stronger representation and diversity among the ranks of tech entrepreneurs to take businesses public and run them at scale. Only four CEOs of the Cloud 100 list in 2019 – for which Tucker served as a judge, as only private companies are eligible – were led by women, two of them at one company. “It’s disturbing we’ve made such little progress,” Tucker says.

In her new role, Tucker says she’ll be able to spend more time mentoring women entrepreneurs and investing, while she says she has no plans to transition out of working at BlackLine. Mentorship of women in lower-level roles, or at smaller startups, she says, is key to widen the pool of potential leaders at larger tech companies. “If I’ve got more time to serve on boards for women, do more, then I don’t see why this role couldn’t go on for a while,” she says.

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