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

  • Consumer telematics driving automotive electronics
    February 3, 2012
    This year's Consumer Electronics Show in Las Vegas was characterised by consumer telematics solutions, writes Dave McNamara
  • Highway safety inspection delivers safer roads, cost savings
    January 30, 2012
    Last year, the County of Lancashire, in the north-west of England, repaired a total of 15,000 potholes on its network of roads. In 2010, that number is likely to significantly increase as Lancashire, along with local authorities throughout the UK, deals with the after-effects of a record cold spell in December and January with prolonged snow, ice and sub-zero temperatures.
  • Taiwan to go all-electronic free flow tolling
    November 28, 2013
    Taiwan’s 900 kilometres of toll roads will transition to all-electronic free flow operations early next year. The roads, which include three north-south routes with 22 toll points, carry out around 1.7 million transactions a day, generating some US$700 million of annual toll revenue. Private contractor Far Eastern Electronic Toll Collection Company (FETC), under contract to the National Freeway Bureau to collect the tolls, says that the IR-based toll system worked well and some 43 per cent of transactio
  • Q-Free wins $26.5 million tolling contract in Portugal
    January 26, 2012
    Q-Free has received an order, valued at approximately US$26.5 million, from the Portuguese road operator Ascendi for a major infrastructure project in Portugal.