Bentley Systems appoints Cate Lochead as chief marketing officer

EXTON, Pa. - Bentley Systems, Incorporated (NASDAQ:BSY), a technology company with impressive gross profit margins of 81% and annual revenue of $1.42 billion according to InvestingPro, announced Wednesday the appointment of Cate Lochead as Chief Marketing Officer, bringing over 20 years of enterprise software experience to the infrastructure engineering software company.

Lochead previously served as Chief Marketing Officer for companies specializing in AI, data, and security technologies. Her career includes leadership positions at Oracle and Intuit, with expertise in positioning transformative technologies for market adoption.

Nicholas Cumins, Bentley CEO, highlighted the appointment’s strategic importance as AI transforms infrastructure engineering. "Appointing Cate as CMO strengthens our leadership at this pivotal moment; her experience will help infrastructure professionals connect AI innovation to measurable outcomes," Cumins said.

The company, founded in 1984, provides software solutions for infrastructure professionals across transportation, water, energy, and urban development sectors. Bentley’s offerings span engineering disciplines and infrastructure lifecycle phases, with digital twin solutions that aim to enhance project delivery and asset performance.

The appointment comes as the infrastructure engineering sector increasingly integrates artificial intelligence into design, construction, and operational processes. According to the company’s press release statement, Lochead’s marketing leadership in AI innovation aligns with Bentley’s focus on technological advancement in infrastructure engineering.

In other recent news, Bentley Systems reported a strong second quarter for 2025, exceeding earnings expectations with an earnings per share (EPS) of $0.32, surpassing the forecast of $0.28. Revenue also slightly exceeded predictions, reaching $364.1 million compared to the anticipated $363.49 million. Additionally, Bentley Systems announced a quarterly cash dividend of $0.07 per share for the third quarter of 2025, payable on September 30 to stockholders of record as of September 23.

In another development, Bentley Systems will be included in the S&P MidCap 400 index, replacing Western Union, which will move to the S&P SmallCap 600 index. Meanwhile, Rosenblatt Securities downgraded Bentley Systems from Buy to Neutral, citing limited upside potential at current valuation levels, although they raised the price target to $58.00 from $53.00. The firm noted that Bentley Systems’ second-quarter subscription revenues reached $333.5 million, marking a 12.1% increase year-over-year and slightly exceeding their forecast. These developments highlight Bentley Systems’ ongoing financial performance and market positioning.

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