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.

Related Content

  • September 2, 2022
    IBTTA’s roll-call of excellence
    Winners of the IBTTA’s Toll Excellence Awards will be presented with their trophies during the 90th Annual Meeting & Exhibition in Austin, Texas
  • March 20, 2015
    Q-Free increases its stake in Intelight
    Q-Free has increased its stake in US traffic controller supplier, Intelight, with a five year option program which will give shareholders the option to sell shares at closing in 2015 and in five subsequent years valid from 2016. The deal will give Q-Free the opportunity to add some 15 per cent of Intelight shares to its current 10.2 per cent shareholding each year. At end of the five year period, Q-Free has the option to acquire the rest of the shares. The first transaction will be closed during the second
  • April 2, 2019
    Q-Free wins US parking contracts
    Tolling specialist Q-Free has signed multiple contracts with an unnamed customer in the US. The company says it will therefore reduce pollution caused by drivers searching for parking spaces. The 29 million NOK (£2.5m) contract includes the delivery of ultra-sonic single space sensors, intelligent signage, a suite of statistical reports and an application programming interface tool to show real-time parking availability. Håkon Volldal, Q-Free’s president and CEO, says: “This contract is a substantial con
  • March 4, 2025
    Women in ITS: "You can’t be what you can’t see"
    Bias – unconscious or otherwise – is a major problem when it comes to ensuring that ITS businesses reflect the diversity of the talent pool available to them. But there are practical solutions to challenges which have made the playing field uneven…