Bentley Systems CEO Greg Bentley transitions to Exec Chair; COO Cumins to be CEO from July 1; $200M buyback

BENTLEY SYSTEMS INC

Greg Bentley will step down as CEO effective July 1, 2024, becoming Executive Chair; COO Nicholas Cumins promoted to CEO and proposed for Board.
Board authorizes additional $200M stock repurchase program for BSY Class B common and convertible notes through June 30, 2026.
Thomas Trimback appointed Chief Accounting Officer, replacing Werner Andre; Trimback was VP Global Controller since Jan 2023.
Cumins joined Bentley as CPO in Sep 2020 prior to IPO; became COO Jan 2022 and leads global business operations.

item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Nicholas H. Cumins

Chief Executive Officer

BSY · BENTLEY SYSTEMS INC

Effective: 2024-07-01
Filed: March 21, 2024, 7:59 PM ET

Upon the effectiveness of Mr. Bentley’s transition, the Board will appoint Nicholas H. Cumins, the Company’s Chief Operating Officer, as Chief Executive Officer.

Appointed

Thomas F. Trimback

Chief Accounting Officer

BSY · BENTLEY SYSTEMS INC

Effective: 2024-03-15
Filed: March 21, 2024, 7:59 PM ET

Thomas F. Trimback was appointed the Company’s Chief Accounting Officer, taking over the role from Werner Andre, who will remain the Company’s Chief Financial Officer.

Role change

Gregory S. Bentley

Executive Chair

BSY · BENTLEY SYSTEMS INC

Effective: 2024-07-01
Successor: Nicholas H. Cumins
Filed: March 21, 2024, 7:59 PM ET

effective July 1, 2024, he will transition from the Company’s Chief Executive Officer to become Executive Chair of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Nicholas H. Cumins was appointed as Chief Executive Officer at BENTLEY SYSTEMS INC.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Upon the effectiveness of Mr. Bentley’s transition, the Board will appoint Nicholas H. Cumins, the Company’s Chief Operating Officer, as Chief Executive Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas F. Trimback was appointed as Chief Accounting Officer at BENTLEY SYSTEMS INC.

Action: appointed
Role: Chief Accounting Officer

Exact text from the filing

Thomas F. Trimback was appointed the Company’s Chief Accounting Officer, taking over the role from Werner Andre, who will remain the Company’s Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Gregory S. Bentley changed role as Executive Chair at BENTLEY SYSTEMS INC.

Action: transition
Role: Executive Chair

Exact text from the filing

effective July 1, 2024, he will transition from the Company’s Chief Executive Officer to become Executive Chair of the Board.

View on SEC.gov

BENTLEY SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0001104659-24-037047

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