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

  • EVR and how best to do it
    June 10, 2015
    Kapsch TrafficCom’s Christoph Amlacher explains that the key to successful Electronic Vehicle Registration is to consider a deployment in its entirety — including enforcement. Electronic Vehicle Registration (EVR) shares much in common with large-scale city congestion charging, in that its benefits are numerous and obvious, and it has been a topic of lively discussion for a decade and more. Despite such manifest advantages and widespread interest, this has failed to translate into numerous large-scale deplo
  • Joint IBTTA and ITS conference focuses on environmental issues
    March 12, 2012
    In St Louis on 4-6 October, the IBTTA and ITS America will be co-sponsoring their first joint event, which is intended to address the burgeoning environmental issues affecting road transport infrastructures. Here, Steve Snider and Larry Yermack, the two chief meeting organisers, talk about the event and its aims
  • Kapsch says US purchase will have world-wide impact
    June 3, 2014
    Peter Ummenhofer, head of the ITS Business Unit at Kapsch TrafficCom, discusses what the recent acquisition of US ATMS specialist Transdyn will mean for the company and the ITS sector. Even a brief perusal of Kapsch’s portfolio lends credence to the company’s assertion that it is more than ‘just a tolling systems and services supplier’. Over the past few years, the company has added road safety enforcement to its offering with significant commercial vehicle operations capabilities, including weigh in motion
  • Gridsmart Technologies appoints Regina Hopper senior VP Global Public Policy
    July 14, 2017
    US-based Gridsmart Technologies has announced the appointment of Regina Hopper as senior vice-president, Global Public Policy, effective 1August 2017.