David Hollister to assume new role as chief investment officer.
Bentley Systems has announced Nicholas Cumins to move from the current position of chief product officer to a newly-created role of chief operating officer, adding responsibilities for Bentley Systems’ sales and marketing, user success, and business operations. Werner Andre will also be promoted to chief financial officer, while remaining the designated chief accounting officer.
David Hollister, currently chief financial officer of Bentley Systems, will assume the new role of chief investment officer. All will report to Greg Bentley, CEO at Bentley Systems.
Bentley commented: “Since joining Bentley Systems in 2020 and adding large-public-company general management experience to our executive team, Nicholas 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 Bentley Systems’ 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 chief financial officer 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 will retain and expand are crucial to achieving the ‘generational’ growth opportunities we foresee around the infrastructure digital twin ecosystem.”
Hollister added: “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 Bentley Systems’ chief financial officer responsibilities and to advanced our finance functions. With this planned succession – which includes my commitment to a seamless transition – I will be able to focus all of my efforts on continuing to oversee our growing acquisitions and investments endeavours, 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.”
