Infrastructure engineering software firm Bentley Systems, on Thursday, promoted insider Nicholas Cumins as the Chief Executive Officer, replacing Greg Bentley, who will retire from the position and transition to Executive Chair of the company’s board, effective on July 1.
The firm said the announcement was made during the opening event for Bentley Systems’ new UK headquarters in London, beginning the observance of the company’s 40th anniversary.
The newly appointed CEO Cumins, Operating Chief of Bentley Systems has been with the company for nearly four years. Prior to this, he worked with software development firm SAP as General Manager for about two years.
Bentley has been with the company since 1991 when he took over the position of CEO in 1995. He is the oldest of five brothers who founded the software firm, said the company. Previously, he founded a financial trading software, which became part of SunGard Data Systems.
“I am very pleased to be able to retire from CEO responsibilities this year with such confidence that this completion of our extended succession process now leaves Bentley Systems demonstrably able to increase its potential while safeguarding its established performance,” said Bentley.
The company took the decision after it reported its fourth-quarter revenue and profit better than a year ago, in late February.
Exton-based tech-based solution provider was founded in 1984 and specializes in providing software solutions to advance the infrastructure industry like design, construction, operations of roads and bridges, and more.
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