Skip to main content

Q-Free appoints new CFO

Q-Free has appointed Tor Eirik Knutsen, currently Group CFO for Norsk Mineral, as its new chief financial officer. He will join Q-Free by the beginning of October 2017. Knutsen brings with him a diverse financial background, which includes experience with M&A transactions, business development projects and cost optimisation initiatives and the company is confident he will play a key role in restoring profitable growth in Q-Free. He replaces current CFO Roar Østbø, who has decided to pursue other career o
April 6, 2017 Read time: 1 min
108 Q-Free has appointed Tor Eirik Knutsen, currently Group CFO for Norsk Mineral, as its new chief financial officer. He will join Q-Free by the beginning of October 2017.

Knutsen brings with him a diverse financial background, which includes experience with M&A transactions, business development projects and cost optimisation initiatives and the company is confident he will play a key role in restoring profitable growth in Q-Free. He replaces current CFO Roar Østbø, who has decided to pursue other career opportunities.

President and CEO, Håkon Volldal thanked Østbø for his dedication to Q-Free, saying he has been instrumental in transforming the company from a pure tolling company into a modern ITS company.

For more information on companies in this article

Related Content

  • Bytemark appoints Eric Reese chief operating officer
    August 5, 2019
    Bytemark, a company specialising in transit fare solutions and intermodal mobility, has appointed Eric Reese chief operating officer to lead strategic development strategies. Reese previously worked at Gannett Fleming - an American engineering firm - where he served as vice president for business development. Prior to that, he worked as director for global strategy for Scheidt & Bachmann, a company that markets parking and fare collection systems. Additionally, Reese has served as director, revenue
  • Trafficware: Digitised transport tech ‘is the new asphalt’
    April 16, 2019

    Trafficware provides the tech to manage intersections all over the world. Colin Sowman asks CEO Jon Newhard about the ‘questions behind the questions’

    Last year, Trafficware CEO Jon Newhard negotiated the company’s acquisition by Cubic Corporation and now serves as general manager of Trafficware within Cubic’s Transportation Systems business unit.

  • ITS Australia 2025 Awards: the winners
    February 14, 2025
    CEO Susan Harris praises 'collaborative spirit' to deliver data-led solutions
  • ‘How do you connect your dots with their dots?’
    May 24, 2022
    Ahead of the European Congress in Toulouse, Joost Vantomme tells Adam Hill how Ertico-ITS Europe is looking to bring partners together in pursuit of smarter and more sustainable mobility