Nicholas Cumins Takes Charge as CEO of Bentley Systems, Ushering in a New Era

Rhea-AI Summary

Nicholas Cumins has officially taken over as CEO of Bentley Systems (NASDAQ: BSY), succeeding Greg Bentley, who now serves as Executive Chair of the Board of Directors. Cumins is the first non-family member to lead the company in its 40-year history. The transition comes at a important time for the infrastructure sector, with a shortage of engineers to meet global sustainability goals and aging infrastructure needs. Cumins unveiled Bentley's vision for resilience in infrastructure, emphasizing AI-powered digital twin solutions to optimize asset performance and sustainability. Cumins brings significant experience from his previous roles, including COO of Bentley Systems since January 2022 and Chief Product Officer at SAP and OpenX.

Positive

• Nicholas Cumins taking charge as the first non-family CEO marks a significant milestone for Bentley Systems.
• Cumins' extensive experience includes roles as COO and Chief Product Officer at Bentley as well as senior positions at SAP and OpenX.
• Cumins unveiled a vision centered on AI-powered digital twin solutions, enhancing the performance and resilience of infrastructure assets.

Negative

• The infrastructure sector faces a shortage of engineers needed to meet global sustainability targets and update aging infrastructure.

First non-Bentley family member to lead company, Cumins unveils vision for infrastructure resilience powered by AI, focus on operations phase of lifecycle

EXTON, Pa.--(BUSINESS WIRE)-- Following the CEO transition plan previously announced by Bentley Systems, Incorporated (Nasdaq: BSY), Nicholas Cumins today takes charge as CEO. Cumins succeeds Greg Bentley, the eldest of the five brothers who founded Bentley Systems, who becomes Executive Chair of its Board of Directors.

Bentley Systems CEO Nicholas Cumins (Photo: Business Wire)

Cumins is the first CEO in the company’s 40-year history who is not a Bentley family member, marking a significant milestone in the company’s development. The Bentley brothers redefined what was then computer-aided design (CAD) software when they developed MicroStation as a groundbreaking engineering application platform. Four decades of innovation and more than 120 acquisitions later, Bentley Systems is the leading provider of infrastructure engineering software, with its infrastructure digital twin solutions used to design, build, and operate critical infrastructure around the world.

The transition to Cumins’ leadership comes at a critical time for infrastructure sectors. There are not enough engineers to accomplish the work required to achieve global sustainability targets while also adapting aging infrastructure vulnerable to the effects of climate change.

Cumins unveiled Bentley’s vision for infrastructure resilience, noting that engineering firms and asset owner-operators are looking to software to help them overcome the limitations of scarce talent.

“Infrastructure is at a watershed moment. Despite the massive capital investment in infrastructure projects and jobs post pandemic, so much more remains to be done to make infrastructure more resilient. Our ability to bridge that gap will literally determine the quality of life for generations to come. Fortunately, a paradigm shift in software is reshaping the landscape. AI-powered digital twin solutions are unlocking the value of data across the infrastructure lifecycle.”

For example, Bentley’s AI solutions are already transforming the way organizations are monitoring the health of roads, bridges, dams, water networks, and telecommunications towers.

“Every owner-operator in the world is looking for a simpler and more effective way to understand the condition of their assets. Think what the power and possibilities of AI imply for improving asset performance and making infrastructure more resilient. This is the moment for our generation to apply its ingenuity and build upon the legacy of innovation to continue advancing the world’s infrastructure for better quality of life.”

Before his promotion to CEO, Cumins served as Bentley Systems’ COO from January 2022. He joined Bentley Systems as Chief Product Officer in September 2020 prior to the company’s IPO. Previously he was General Manager of SAP Marketing Cloud and served as Chief Product Officer of Scytl, a platform for online voting, and as Senior Vice President of Product with OpenX, a pioneer in programmatic advertising. Before OpenX, he had already served in a variety of senior roles at SAP, including product management, corporate strategy, and business development. Cumins is a dual French and U.S. citizen and is based in France.

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Image: Nicholas Cumins

Caption: Bentley Systems CEO Nicholas Cumins

About Bentley Systems

Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings, powered by the iTwin Platform for infrastructure digital twins, include MicroStation and Bentley Open applications for modeling and simulation, Seequent’s software for geoprofessionals, and Bentley Infrastructure Cloud encompassing ProjectWise for project delivery, SYNCHRO for construction management, and AssetWise for asset operations. Bentley Systems’ 5,200 colleagues generate annual revenues of more than $1 billion in 194 countries.

www.bentley.com

© 2024 Bentley Systems, Incorporated. Bentley, the Bentley logo, AssetWise, Bentley Infrastructure Cloud, Bentley Open, iTwin, MicroStation, ProjectWise, Seequent, and SYNCHRO are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240701144503/en/

For more information, contact:



Press: Jim Dobbs, jim.dobbs@bentley.com

Investors: Eric Boyer, eric.boyer@bentley.com

Source: Bentley Systems, Incorporated

FAQ

Who is the new CEO of Bentley Systems?

Nicholas Cumins is the new CEO of Bentley Systems, effective today.

What is the significance of Nicholas Cumins becoming the CEO of Bentley Systems?

Nicholas Cumins is the first non-family member to become CEO in the company's 40-year history, marking a significant milestone.

What previous roles did Nicholas Cumins hold before becoming CEO of Bentley Systems?

Before becoming CEO, Nicholas Cumins served as COO of Bentley Systems since January 2022 and held positions such as Chief Product Officer at SAP and OpenX.

What vision did Nicholas Cumins unveil for Bentley Systems?

Nicholas Cumins unveiled a vision focusing on AI-powered digital twin solutions to enhance the performance and resilience of infrastructure assets.

What challenges does the infrastructure sector face according to Nicholas Cumins?

The infrastructure sector faces a shortage of engineers to meet global sustainability targets and adapt aging infrastructure to the impacts of climate change.