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

  • April 18, 2016
    Q-free wins US tolling contract
    The by Miami Dade Expressway (MDX) in the US has awarded Q-Free a US$1.9 million contract extension to supply its Intrada ALPR automatic image review system for MDX’s electronic toll collection program. The contract extension authorises system upgrades and technical support through June 2018. We are pleased to provide this unique technical solution and continued related services to support the MDX electronic toll collection program. This award demonstrates Q-Free’s increased visibility and ability to
  • May 2, 2025
    Ex-Yunex boss Schlitt takes over at Holon
    Holon Urban driverless shuttle will be tested on streets of Hamburg this year
  • October 8, 2018
    Blockchain: the next big thing for ITS? Really?
    Everyone’s heard of blockchain – but most people are less sure about what it really is, and how it might be used in transportation. Andrew Williams peers into cyberspace to find some answers. A growing number of organisations in the ITS industry are exploring how blockchain technology could be used for ITS and mobility applications. So, what exactly is blockchain technology? What are the key current and potential applications in the mobility and ITS sector? And what practical benefits might it bring?
  • February 2, 2021
    $15m Stockholm traffic deal for Q-Free
    Company will upgrade congestion charge system it delivered for Trafikverket in 2005