TIP Group appoint a new CEO

Amsterdam, Netherland- TIP Group., a provider of innovative commercial truck and trailer telematics solutions, has announces the appointment of Mr. Arjen Kraaij as its new Chief Executive Officer and President, succeeding Mr. Bob Fast, who has led the company for over two decades.

With this leadership transition, TIP Group is set to embark on a new phase of growth and innovation, driven by the dual forces of digital transformation and the energy transition reshaping the transport and logistics industry.

Arjen Kraaij brings over 25 years of experience with TIP, having joined the company in 1997 during its time under GE. He holds an MBA from Erasmus University and has held several strategic roles, including General Manager for Eastern Europe, Vice President of Business Development (M&A), Chief Commercial Officer, and most recently, Deputy CEO since 2021. Throughout his tenure, Arjen has spearheaded key growth initiatives such as the acquisitions of PEMA and Trailer Wizards, the expansion into the Canadian market, and diversification of TIP’s asset base and service offerings. He has also led the development of TIP’s long-term Strategy 2030.

In his new role, Arjen will oversee Finance, HR, IT, and other corporate functions in addition to his existing responsibilities. The broader Senior Leadership Team remains unchanged, ensuring continued strategic and operational consistency.

Mr. Arjen, said, “It is a great honor to lead TIP Group into its next chapter. With the strength of our talented teams across Europe, we are well-positioned to deliver innovative and sustainable solutions to meet the evolving needs of our customers and stakeholders.”

Bob Fast, who served as CEO since 2003, will transition to the role of Chairman of the Supervisory Board. Reflecting on his journey, Bob said, “It has been a privilege to lead TIP for more than 20 years. I’m incredibly proud of what we have achieved together. I have full confidence in Arjen’s leadership and in the continued success of the company under his guidance.”

Under Bob’s leadership, TIP grew from approximately €350 million in revenue in 2003 to €1.2 billion in 2024. He successfully navigated major ownership transitions, including the separation from GE and the acquisitions by HNA Group and I Squared Capital. He also led the company’s evolution into a leading full-service equipment solutions provider with a robust Maintenance and Repair network.

I Squared Capital expressed their appreciation: “We extend our sincere gratitude to Bob for his exceptional leadership and unwavering commitment to TIP Group. His impact on the company has been transformational. We are equally excited to welcome Arjen as CEO and President—his deep industry knowledge, strategic vision, and dedication to the team make him the ideal leader for TIP’s future.”