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

  • Mixed results for public-private traffic management partnerships
    January 25, 2012
    David Crawford looks at the somewhat patchy success to date of trying to involve the private sector in operating traffic management centres
    Read More
  • Why Netflix could overcome road pricing resistance
    October 28, 2019
    As the US moves towards a national road usage charging trial, education is paramount – and subscription services like Netflix might help people understand why the money is needed, writes Bill Cramer
    Read More
  • Professional training key to the future of ITS
    May 21, 2012
    A substantial portfolio of resources is available and expanding, to help employers and professionals build essential skills for current and future needs – the ITS Professional Capacity Building Program. Pete Goldin reports. The US Department of Transportation (USDOT) views ITS as key to the future of transportation, as is evident from the department’s ITS Professional Capacity Building (PCB) program. This is a further manifestation of USDOT’s commitment to ITS. The PCB program provides anyone in the transpo
    Read More
  • Kapsch sets course for higher profitability
    February 26, 2015
    Kapsch TrafficCom experienced stable business development in the first three quarters of 2014/2015 with existing installation and operation projects. The Group was also able to obtain a number of new orders in Australia during the third quarter, although new major orders, upon which the innovation and growth plans are based, remained elusive due to the lack of corresponding invitations to tender. Revenue of the Group during the first three quarters of the 2014/15 fiscal year was US$283.5 million, slightly b
    Read More

Highlighted Content