Arjen Kraaij appointed CEO and President of TIP Group

Amsterdam, 10 June 2025 – TIP Group is pleased to announce the appointment of Arjen Kraaij who will succeed Bob Fast as Chief Executive Officer and President of TIP Group.

Under Arjen Kraaij’s leadership, TIP Group is well-positioned to enter a new era, with plans for further growth and diversification amidst the ongoing digital transformation and energy transition that are reshaping the industry.

Arjen comments: “I am very excited by the opportunity to lead TIP Group. With the great talent of our teams across Europe, we are well positioned to deliver on our mission of delivering innovative, sustainable solutions to our customers and stakeholders.”

Bob reflects: “It has been a privilege to lead TIP for over 20 years. I am proud of all we have accomplished together, now it's time to hand over for a new chapter of TIP Group. I am confident that Arjen’s leadership, experience, and commitment to our people, suppliers and customers will position TIP for continued success.”Arjen joined TIP when it was still part of GE in 1997 over 25 years ago, holds an MBA from Erasmus University and has held various key roles including General Manager for Eastern Europe, VP Business Development (M&A), CCO and most recently, Deputy CEO since 2021. In those roles Arjen led various major transformations for TIP Group. He led the acquisitions of PEMA and Trailer Wizards, expanded TIP's business in Canada until its sale last year, and boosted growth through market share, asset diversification, and service network expansion. As Deputy CEO since 2021, he oversaw regional VPs, demonstrating commercial expansion, operational improvement, and financial stewardship. He also guided our Strategy 2030 development, setting the course for our future.

With this change, his role will be expanded to lead Finance, HR, IT and certain head office functions. Our broader Senior Leadership Team remains unchanged and continues to bring deep expertise and long-standing commitment to TIP’s future. This ensures a stable leadership foundation as TIP moves forward.

We are also pleased to announce, that Bob will be appointed as chairman of the Supervisory Board. In this capacity Bob will continue to be engaged in important events for TIP Group.

Bob Fast has been at the helm of TIP since 2003. We would like to thank Bob for all he has done for TIP Group. He led significant growth from ~€350M revenue in 2003 to €1.2B revenue in 2024. He managed multiple ownership transitions, including the carve-out from GE and subsequent acquisitions by HNA Group (2013) and I Squared Capital (2018) and transformed TIP into a leading full-service equipment provider with its own Maintenance and Repair network.

On behalf of I Squared Capital, we would like to express our deepest thanks to Bob for his outstanding leadership and long-standing dedication to TIP. Under his stewardship, the company has grown into an industry leader. At the same time, we are thrilled to congratulate Arjen on his appointment as CEO and President. Arjen’s deep industry experience, vision, and commitment to TIP’s people and strategy make him very well-suited to lead the company into the next chapter of growth.