TIP, a portfolio company of I Squared Capital and a provider of truck and trailer leasing, rental, maintenance and repair in Europe and Canada, appointed Arjen Kraaij deputy CEO. This follows the acquisition and integration of two leasing companies in Europe and Canada.

Kraaij has served in the role of chief commercial officer for TIP Trailer Services since 2017. He has been with the business for 23 years in positions of increasing responsibility. His appointment is effective Jan. 1. He will continue to be based at the TIP group headquarters in Amsterdam, Netherlands.

“Arjen has been instrumental in TIP’s success over the past years and I am proud to announce his promotion to deputy CEO and I am confident he will be very successful working with me to drive TIP on its future growth path,” Bob Fast, president and CEO of TIP Trailer Services, said.

“I am honored and excited to take on this new role and work closely with all regional VPs to strongly drive the business forward,” Kraaij said.