Bentley Systems, Incorporated (Nasdaq: BSY) has announced the transition of its CEO, with Nicholas Cumins taking charge as the new CEO, effective July 1, 2024. Cumins succeeds Greg Bentley, the eldest of the five brothers who founded Bentley Systems, who now becomes the Executive Chair of the Board of Directors.
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 revolutionized computer-aided design (CAD) software with the development of MicroStation as a groundbreaking engineering application platform.
Over four decades, Bentley Systems has grown through more than 120 acquisitions, becoming the leading provider of infrastructure engineering software, with its infrastructure digital twin solutions used globally to design, build, and operate critical infrastructure.
The transition to Cumins’ leadership comes at a crucial time for infrastructure sectors, as there are not enough engineers to meet the demands of achieving global sustainability targets and adapting aging infrastructure to the effects of climate change.
Cumins unveiled Bentley’s vision for infrastructure resilience, emphasizing the importance of software in helping engineering firms and asset owner-operators overcome the limitations of scarce talent.
“We are at a critical juncture for infrastructure. Despite the substantial investments in infrastructure projects and job creation after the pandemic, there is still much work to be done to enhance the resilience of our infrastructure. Our capacity to bridge this gap will directly impact the quality of life for generations to come. Fortunately, a transformative shift in software is reshaping this landscape. AI-driven digital twin solutions are unlocking the value of data across the entire 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.
Source :Bentley Systems
