Bentley Systems Announces Executive Promotions of Nicholas Cumins and Werner Andre to Become Respectively COO and CFO, for 2022
November 09 2021 - 7:00AM
Business Wire
David Hollister to Assume New Role as Chief
Investment Officer
Bentley Systems, Incorporated (Nasdaq:BSY), the infrastructure
engineering software company, today announced executive promotions
effective January 1, 2022. Nicholas Cumins, currently Chief Product
Officer, will assume the newly created role of Chief Operating
Officer, adding responsibilities for BSY’s sales and marketing,
user success, and business operations. Werner Andre will be
promoted to Chief Financial Officer, while remaining the designated
Chief Accounting Officer. Current CFO David Hollister will assume
the new role of Chief Investment Officer. All will report to CEO
Greg Bentley.
Greg Bentley said, “Since joining BSY in 2020 and adding
large-public-company general management experience to our executive
team, Nicholas Cumins has helped us continuously improve our
processes in setting and executing on our business priorities. This
is a natural expansion of his product responsibilities as Nicholas
has been heading BSY’s Operating Council where our line executives
have already embraced his collaborative leadership. I am confident
that as COO Nicholas will further enhance the purposeful commercial
alignment of our development initiatives with more intensive
go-to-market activities.
“It is gratifying that our leadership development process
enables us to promote Werner now to step up as CFO and to add focus
on external financial constituencies as we graduate seamlessly from
our 'emerging growth company' status. At the same time, the
investment responsibilities that David Hollister will retain and
expand are crucial to achieving the ‘generational’ growth
opportunities we foresee around the infrastructure digital twin
ecosystem.”
David Hollister, CFO, said, “Werner’s calm and capable
orchestration of our expanded financial reporting and compliance
functions have been instrumental throughout all of our capital
markets forays, and he is fully ready to assume BSY’s CFO
responsibilities and to advance our Finance functions. With this
planned succession—which includes my commitment to a seamless
transition—I will be able to focus all of my own efforts on
continuing to oversee our growing acquisitions and investments
endeavors, including our iTwin Ventures Fund and the businesses,
such as our captive digital integrator, The Cohesive Companies,
that we nurture internally through our Acceleration
initiatives.”
Greg Bentley added, “Finally, please join me in congratulating
(continuing) BSY Director Ray Bentley, who during December will
retire from his day role as Executive Vice President, after 37
years during which he spearheaded (as a virtuoso programmer)
development of many of our products’ differentiating ‘3D
engineering’ capabilities.”
# #
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 include MicroStation-based applications
for modeling and simulation, ProjectWise for project delivery,
AssetWise for asset and network performance, Seequent’s leading
geosciences software portfolio, and the iTwin platform for
infrastructure digital twins. Bentley Systems employs more than
4,000 colleagues and generates annual revenues of more than $800
million in 172 countries.
www.bentley.com
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211109005624/en/
Investor Relations: Carey Mann carey.mann@bentley.com Follow us
on Twitter: @BentleySystems
Bentley Systems (NASDAQ:BSY)
Historical Stock Chart
From Sep 2024 to Oct 2024
Bentley Systems (NASDAQ:BSY)
Historical Stock Chart
From Oct 2023 to Oct 2024