TiPJAR ANNOUNCES TWO HEAVYWEIGHT BOARD-LEVEL APPOINTMENTS
New Chair Ben Hood, Founder of Fourth, and Non-Executive Director Michel Cassius, Former CEO at Bookatable, Have Joined the UK’s #1 Tips & Tronc Distribution Platform, Following £4.5million Investment by YFM Equity Partners Last Month.
TiPJAR, the platform transforming how hospitality operators collect, distribute and allocate tips and service charge, has strengthened its leadership team with two significant board-level appointments. The news follows its £4.5 million investment from YFM Equity Partners, announced last month, and comes at a pivotal time for the hospitality industry as operators face growing pressures around compliance, payroll costs, recruitment and retention.
New Chair, Ben Hood, brings decades of senior leadership and technology expertise, including over ten years at Tesco before building data-led software business, Fourth Hospitality. Under his leadership, Fourth expanded to over 60 countries over a 20-year period, completing seven acquisitions in that time, and built partnerships with major brands such as Hilton, Wagamama, Pizza Express, Stonegate, Greene King and Intercontinental. In addition to TiPJAR, Hood is also involved in a series of other disruptive companies, as well as labour management tool, S4, food data and menu management company Nutritics, superyacht software company Voly, and payment management platform Bopay.
Alongside Hood’s appointment, TiPJAR welcomes Michel Cassius to its board as a Non-Executive Director. Cassius has held senior leadership roles at global technology giants such as Apple, Microsoft and EA, and has led high-growth consumer and software businesses including CEO at Michelin’s reservation tech arm, Bookatable, and CMO at employee engagement app, Blink.
TiPJAR’s recent equity investment comes at a time when hospitality businesses are facing ever-growing headwinds, with increased costs, national insurance, and unpredictable consumer behaviour.
The products and services TiPJAR provide alleviate administrative headaches, and reduce National Insurance contributions, benefiting businesses, and supporting hard-working hospitality workers that act as the engine room of the British economy.
