BlackLine Inc. has named Owen Ryan to its board of directors effective this month to contribute his expertise on the company’s next phase of growth.

Prior to joining the board of the Woodland Hills accounting software developer, Ryan had served as chief executive of insurance carrier AEGIS Insurance and Deloitte Advisory, the world's largest risk and financial advisory business at the time. He is a member of the American Institute of Certified Public Accountants.

Chief Executive Therese Tucker said that Ryan’s experience will be key to building out the company’s system of strategic alliances worldwide.

“His extensive knowledge of the accounting industry and experience working closely with Fortune 500 (chief financial officers) also will be invaluable as we continue to drive wide-scale change across the industry, bringing increased automation, efficiency, financial governance and risk management across the entire spectrum of accounting and financial operations,” Tucker said in a statement.

Shares of BlackLine (BL) closed Monday down $1.06, or more than 2 percent, to $46.58 on the Nasdaq.