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

  • CBI/AECOM Survey: Three quarters of firms and public doubt improvement over this Parliament
    October 25, 2017
    74% of firms doubt infrastructure will improve over this Parliament and 76% the public doubt any improvement will occur, according to the CBI/AECOM Infrastructure survey 2017. The findings show that both business and the public are concerned about the pace of delivery and a record number of firms are dissatisfied with the state of infrastructure in the region. The report showed that 96% of the 727 businesses surveyed see infrastructure as important to the government’s agenda and 55% view it as critical.
    Read More
  • In-vehicle automation of safety compliance and other traffic violations
    January 24, 2012
    David Crawford explores new initiatives in enforcement. Achieving the EU’s new road safety target of reducing road traffic deaths by 50 per cent by 2020 depends on removing legal and institutional barriers to the deployment of new enforcement technologies, stresses Jan Malenstein. The senior ITS Adviser to Dutch National Police Agency the KLPD, and a European-level spokesperson on road and traffic safety, points to the importance of, among other requirements, an effective EUwide type approval process for fr
    Read More
  • Verifone and PayPal point way to retail’s connected future at CARTES
    November 3, 2014
    The emerging mobile shopping trends and technologies of the near future will be on show in the dedicated Connected Commerce Area at this year’s CARTES SECURE CONNEXIONS. Eleven hardware, service and payment solutions pioneers will offer hands-on demonstrations of emerging shopping solutions, says Angelo Caci, ADN’Co deputy director.
    Read More
  • Upstream appoints Andy McDonald SVP for worldwide sales
    February 16, 2018
    Ontario-based Upstream Works (UW) has appointed Andy McDonald as senior vice president, worldwide sales, as part of a strategy to better serve the growing demand for its communication solutions. He will lead the partner and sales teams in North America and Europe, Middle East and Africa (EMEA). McDonald was previously vice president of sales and general manager EMEA, where he led UW into the European market.
    Read More

Highlighted Content