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.
Detection, Monitoring & Machine Vision Urban Traffic Control Charging, Tolling & RUC

For more information on companies in this article

Related Content

  • Travel restrictions cause ITS professionals' knowledge gap
    February 2, 2012
    Andrew Barriball once again campaigns for senior USDOT officials to see sense and lift some of the restrictions on out-of-state travel for transportation professionals. The ability to attend conferences and exhibitions is not a luxury, he says; it is a valid and cost-effective way of advancing the state of the traffic management art
    Read More
  • Autonomous vehicles, smart cities: moving beyond the hype
    February 21, 2018
    There is a lot of excited chatter about autonomous vehicles – but 2getthere’s Robbert Lohmann suggests we might need to take a step back and look realistically at what is achievable. You might be surprised that the chief commercial officer of a company delivering autonomous vehicles would begin an article with the suggestion that we need to get past the hype. And yet I do; because we have to, and urgently so. The hype prevents the development of autonomous vehicles that address actual transit needs. And
    Read More
  • Singapore's LTA unveils ITS master plan
    August 7, 2014
    Singapore’s Land Transport Authority (LTA) and the Intelligent Transportation Society Singapore (ITSS) have jointly launched Smart Mobility 2030, the country’s master plan outlining how its intelligent transport systems (ITS) will develop over the next 15 years. Its goal is to optimise transport systems and to enhance commuter travel experience across Singapore with the latest ITS initiatives and advancements in transport technologies. To address Singapore’s current and future transportation needs, Smart M
    Read More
  • New York’s Hudson Bridge goes AET
    October 15, 2014
    New York’s Metropolitan Transportation Authority Bridges & Tunnels (MTA B&T) has selected TransCore to deploy the agency’s first all-electronic tolling (AET) system on the historic Henry Hudson Bridge. Built in 1936, the iconic bridge provides passage for more than 63,000 vehicles each day. The AET project is part of a three-year, US$33 million MTA B&T bridge rehabilitation project to replace the original 1930s steel supports as well as install 3,600 feet of new bridge decking, new energy-efficient roadw
    Read More

Highlighted Content