Today we announced that Peter Dorrius, the company’s Chief Financial Officer, has resigned to pursue other interests. Mr. Dorrius will be staying on for a short-term consulting contract to provide a smooth transition and to complete the deployment of Blackline’s new enterprise resource planning system.
“On behalf of Blackline’s board of directors and myself, I want to thank Peter for his conscientious efforts and contributions to Blackline over the last several years,” says Cody Slater, Blackline’s CEO and Chairman. “We enjoyed working with Peter and although he will be missed, Shane is an excellent replacement and we expect a seamless transition under his leadership.”
Today Shane Grennan, CA CPA joins Blackline as the company’s new CFO.
“I worked with Shane at PricewaterhouseCoopers in the past and have known him for over ten years now,” says Robert Herdman, FCA, one of Blackline’s independent board members. “I believe he has the skills and experience needed for the role of CFO and will be a valuable asset to support Blackline’s continued growth.”
In conjunction with Mr. Grennan’s appointment, Blackline is issuing him 25,000 stock options. These options are assigned an exercise price of $1.76 per share and are exercisable for a period of five years, subject to regulatory approval. Mr. Grennan’s options are granted under the company’s stock option plan as part of its annual compensation package.
Blackline’s broad Loner® safety monitoring portfolio empowers organizations in all industries and geographic locations with real-time safety incident awareness, delivering help within minutes instead of hours or potentially days later. To learn more about Blackline’s work alone devices and lone worker app, visit www.BlacklineSafety.com and follow Blackline on Twitter @blacklinesafety.
For more information, please check out the media release.