Bentley Systems Appoints New Chief Operating Officer and Streamlines Executive Team

Bentley Systems, Incorporated (NASDAQ: BSY) recently announced significant changes within its executive leadership team, as per an 8-K filing submitted to the U.S. Securities and Exchange Commission on January 13, 2025.

The highlight of the document was the appointment of James Lee as the Chief Operating Officer effective January 13, 2025. Lee, aged 45, previously held the position of General Manager for startups and artificial intelligence at Google Cloud. Prior to his tenure at Google, Lee spent over a decade at SAP, a prominent enterprise software solutions firm. His educational background includes a Master of Business Administration from Harvard Business School and a Bachelor of Commerce from the University of British Columbia.

In conjunction with Lee’s appointment, Bentley Systems also outlined the specifics of his employment agreement. Lee is slated to receive a base salary of $400,000, alongside an initial annual cash incentive compensation target of $400,000. Additionally, Lee is set to obtain equity compensation in the form of time-based restricted stock units (RSUs) with an aggregate value of $7.5 million.

Within the same filing, Bentley Systems disclosed the departure of Michael M. Campbell, who was occupying the role of Chief Product Officer. Campbell is set to exit the company on January 21, 2025, as part of a Mutual Separation Agreement and General Release. As per the terms of the agreement, Campbell will receive a cash severance payment of $1.5 million, and he remains eligible for certain benefits including his cash OTI payment for the fourth quarter of 2024.

To align product development with technology strategy, Bentley Systems consolidated product development responsibilities under Chief Technology Officer Julien Moutte. This restructuring resulted in the redundancy of the Chief Product Officer position, leading to the agreement for Campbell’s departure.

Bentley Systems also issued a press release on January 13, 2025, elaborating on these executive changes and the company’s strategic realignment.

Following these modifications, Bentley Systems’ executive team now consists of Chief Revenue Officer Brock Ballard, along with heads of various corporate functions, reporting to Nicholas Cumins, the company’s leadership.

The full details of the 8-K filing and executive changes can be accessed through Bentley Systems’ filings with the Securities and Exchange Commission.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Bentley Systems’s 8K filing here.

Bentley Systems Company Profile

Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling engineering applications, such as MicroStation, OpenBridge, OpenBuildings, OpenCities, OpenComms, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite, OpenTower, OpenTunnel, OpenUtilities, and OpenWindowPower; and open simulation engineering applications, including ADINA, AutoPIPE, CUBE, DYNAMEQ, EMME, LEGION, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS.