Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Leadership Changes
On November 9, 2021, Bentley Systems, Incorporated (the "Company", "we", "our"
or words of similar import) announced certain changes to its leadership team,
which were approved by the Company's Board of Directors on November 4, 2021:
•Nicholas Cumins, age 45, currently the Company's Chief Product Officer, was
named to the position of Chief Operating Officer of the Company, effective
January 1, 2022.
•David Hollister, age 56, currently the Company's Chief Financial Officer and
Chief Operations Advancement Officer, was named Chief Investment Officer,
effective January 1, 2022.
•Werner Andre, age 52, currently the Company's Chief Accounting Officer and
Global Controller, was named Chief Financial Officer, effective upon
Mr. Hollister's transition to his new role. He will remain Chief Accounting
Officer in this role.
Biographical Information
Nicholas Cumins has served as our Chief Product Officer since 2020. Prior to
joining Bentley, Nicholas served as general manager of SAP Marketing Cloud, a
comprehensive marketing automation platform, from 2018 to 2020. He also served
as chief product officer of Scytl, a platform for online voting, in Barcelona
from 2016 to 2018, and senior vice president of product with OpenX, a pioneer in
programmatic advertising, in Los Angeles from 2013 to 2016. Mr. Cumins earned
masters degrees in law and in business from Paris II Panthéon-Assas University.
As Chief Operating Officer, Mr. Cumins will be responsible for Bentley's sales
and marketing, product, user success, and business operations globally.
David J. Hollister has served as our Chief Financial Officer since 2007 and
Chief Operations Advancement Officer since 2016. Prior to joining our Company,
he was the chief financial officer and a member of the board of directors of
Broder Bros., Co. from 2004 to 2007. Mr. Hollister previously served as a
director in the M&A Transaction Services practice at PricewaterhouseCoopers LLP,
where he specialized in international transactions. He holds a Bachelor's degree
in Business Administration from the University of Northern Colorado and an
M.B.A. from the University of Michigan. As Chief Investment Officer,
Mr. Hollister will retain and expand his existing acquisition, investment and
operational responsibilities for the Company, including our portfolio
development and acquisition activities, our iTwin Ventures corporate venture
capital fund, our Cohesive Companies digital integrator business, and certain
other Bentley Acceleration activities.
Werner Andre has served as our Chief Accounting Officer and Global Corporate
Controller since 2020. Prior to that, Mr. Andre served as the Company's Global
Corporate Controller from 2015 to 2019 and was promoted to Vice President
beginning 2017. From 2010 to 2015, Mr. Andre served as the Assistant Corporate
Controller - International Accounting and Reporting for Rockwood Holdings, Inc.,
and held several roles with PricewaterhouseCoopers from 1995 to 2010. Mr. Andre
earned B.S. and MBA degrees in Accounting and Financial Reporting from the
University for Economics and Business Administration in Vienna. As Chief
Financial Officer and Chief Accounting Officer, Mr. Andre will assume primary
responsibility for the Company's financial reporting and compliance functions.

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There is no family relationship between any of Messrs. Cumins, Hollister or
Andre and any director or other executive officer of the Company. Further, no
arrangement or understanding exists between any of Messrs. Cumins Hollister or
Andre and any other person pursuant to which each person was selected as an
officer of the Company. Additionally, there are no related person transactions
in which any of Messrs. Cumins, Hollister or Andre has an interest requiring
disclosure pursuant to Item 404(a) of Regulation S-K promulgated under the
Securities Exchange Act of 1934, as amended.
On November 9, 2021, the Company issued a press release announcing the changes
to its leadership team. A copy of the press release is attached as Exhibit 99.1
and incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.              Description

99.1                       Press release dated November 9, 2021

104                      Cover Page Interactive Data File (embedded within the Inline XBRL document)

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