Bentley Systems Management
Management criteria checks 3/4
Bentley Systems' CEO is Nicholas Cumins, appointed in Jul 2024, has a tenure of less than a year. total yearly compensation is $2.59M, comprised of 24.5% salary and 75.5% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth €17.15M. The average tenure of the management team and the board of directors is 1.9 years and 16.3 years respectively.
Key information
Nicholas Cumins
Chief executive officer
US$2.6m
Total compensation
| CEO salary percentage | 24.5% |
| CEO tenure | less than a year |
| CEO ownership | 0.1% |
| Management average tenure | 1.9yrs |
| Board average tenure | 16.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$364m |
| Jun 30 2024 | n/a | n/a | US$375m |
| Mar 31 2024 | n/a | n/a | US$352m |
| Dec 31 2023 | US$3m | US$634k | US$327m |
| Sep 30 2023 | n/a | n/a | US$173m |
| Jun 30 2023 | n/a | n/a | US$157m |
| Mar 31 2023 | n/a | n/a | US$164m |
| Dec 31 2022 | US$9m | US$653k | US$175m |
| Sep 30 2022 | n/a | n/a | US$188m |
| Jun 30 2022 | n/a | n/a | US$103m |
| Mar 31 2022 | n/a | n/a | US$93m |
| Dec 31 2021 | US$2m | US$441k | US$93m |
Compensation vs Market: Nicholas's total compensation ($USD2.59M) is below average for companies of similar size in the German market ($USD4.85M).
Compensation vs Earnings: Nicholas's compensation has been consistent with company performance over the past year.
CEO
Nicholas Cumins (47 yo)
less than a year
Tenure
US$2,591,650
Compensation
Mr. Nicholas H. Cumins is the Director since September 5, 2024 and Chief Executive Officer of Bentley Systems Inc. since July 1, 2024 and served as it's Chief Operating Officer since January 01, 2022 until...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 28.5yrs | US$19.30m | 3.47% € 499.6m | |
| CEO and Director | less than a year | US$2.59m | 0.12% € 17.1m | |
| Founder | no data | no data | 6.45% € 927.2m | |
| Co-Founder & Director | 40.9yrs | US$50.00k | 4.88% € 702.3m | |
| Chief Financial Officer | 2.9yrs | US$2.91m | 0.10% € 14.7m | |
| Chief Product Officer | 2.3yrs | US$2.32m | 0.022% € 3.2m | |
| Chief Revenue Officer | 1.9yrs | US$2.62m | 0.019% € 2.7m | |
| Chief Accounting Officer | no data | no data | 0.0030% € 435.8k | |
| Chief Technology Officer | 1.7yrs | no data | no data | |
| Investor Relations Officer | 1.9yrs | no data | no data | |
| Chief Legal Officer & Secretary | 8.2yrs | no data | 0.33% € 47.3m | |
| Chief Marketing Officer | 1.2yrs | no data | no data |
1.9yrs
Average Tenure
56yo
Average Age
Experienced Management: BS81's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 28.5yrs | US$19.30m | 3.47% € 499.6m | |
| CEO and Director | less than a year | US$2.59m | 0.12% € 17.1m | |
| Founder | 40.9yrs | no data | 6.45% € 927.2m | |
| Co-Founder & Director | 40.9yrs | US$50.00k | 4.88% € 702.3m | |
| Independent Director | 22.9yrs | US$300.00k | 0.14% € 20.9m | |
| Lead Independent Director | 4.3yrs | US$325.00k | 0.0077% € 1.1m | |
| Director | 9.6yrs | US$50.00k | 5.74% € 826.0m | |
| Independent Director | 4.8yrs | US$325.00k | 0.0094% € 1.3m |
16.3yrs
Average Tenure
64yo
Average Age
Experienced Board: BS81's board of directors are seasoned and experienced ( 16.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 12:29 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Bentley Systems, Incorporated is covered by 24 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Joseph Vruwink | Baird |
| Gal Munda | Berenberg |
| Michael Funk | BofA Global Research |