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

  • ViaVan and BVG offer health workers free ride-share
    March 27, 2020
    ViaVan and German public transport provider Berliner Verkehrsbetriebe (BVG) have turned their ride-share service over to health workers, free of charge, for nearly four weeks.
    Read More
  • Smart highways market ‘worth US$27,992 million by 2019’
    October 9, 2014
    A new research report by MarketsandMarkets, "Smart Highway Market by Technology (Intelligent Transportation Management, Intelligent Traffic Management, Communication, Monitoring), and by Display (Variable Message Signs, Digital Signage) - Global Forecast to 2019", estimates that the global Smart Highways Market is US$12,564.4 million in 2014 and is expected to grow to US$27,992 million in 2019. This represents an estimated compound annual growth rate (CAGR) of 17.4 per cent from 2014 to 2019. In the cur
    Read More
  • FHWA formula aims to bridge funding gap
    January 20, 2022
    IBTTA welcomes FHWA's $26.5bn for bridges - and announces its executive officers for 2022
    Read More
  • Bi-State board votes to restart tolling services procurement
    October 28, 2014
    The Kentucky-Indiana Joint Board for the Ohio River Bridges Project has voted to restart the procurement of a tolling services provider. The vote comes after the Indiana Finance Authority’s review of a protest submitted by a non-winning bidder in late September. The Joint Board heard from the IFA that the allegations made in the protest were unsubstantiated, but the agency did uncover a significant potential personal and organisational conflict of interest regarding financial arrangements between a subc
    Read More

Highlighted Content