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

  • June 22, 2012
    3M to acquire FSTech from Federal Signal Corporation
    3M has entered into an agreement to acquire the business of Federal Signal Technologies Group (FSTech) from Federal Signal Corporation for a purchase price of US$110 million in cash, subject to post-closing adjustments. 3M says the fast-growing $3 billion electronic tolling industry is projected to grow at a rate greater than 12 per cent per year as government agencies increasingly rely on tolling to fund roadway infrastructure, construction and maintenance. The company says FSTech’s solutions for electroni
  • November 27, 2017
    ITS Australia appoints new president and board of directors
    ITS Australia has announced Dean Zabrieszach will be replacing Brian Negus as its new president, supported by Dennis Walsh as vice president, and has also confirmed a new board of directors. New and re-elected board members include Dale Andrea – VicRoads, Chen Cai – Data61/ The Commonwealth Scientific and Industrial Research Organisation, James Hurnall – Federal Chambers of Automotive Industries, Mark Jackman – Robert Bosch Australia, Mark Jackman – Robert Bosch Australia and Jeff McCarthy
  • September 8, 2014
    Rapid growth makes Texas an incubator for tolling innovation
    As the IBTTA’s annual meeting and exhibition heads for Austin, Mitchell Beer, president of Smarter Shift, considers the role of Texas in the development of tolling strategies and technology. The State of Texas has always prided itself on being ‘larger than life’. From the sprawling geography of the state itself with its wide open skies, to its entrepreneurial ‘get-it-done’ attitude, Texas exudes an impatient restlessness that pushes businesses and public agencies to deliver faster, better results. More ofte
  • February 1, 2018
    Highways England’s appoints executive director of projects
    Highways England has appointed Peter Mumford as its executive director of projects & capital portfolio management as of the 1 February 2018. He has UK and international project and programme experience across rail, road, airports and utilities.