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

  • November 19, 2013
    New team to lead European Mobility Group
    The European Mobility Group recently announced its new president and secretary who will serve for an initial three-year term. Campbell McKee, former managing director and latterly chairman of Unwin Safety Systems, and Jacqui Jones, executive director of Mobility Choice, the charity behind the Mobility Roadshow and Get Going Live! events, were unanimously voted in by the EMG members as president and secretary/treasurer respectively.
  • August 27, 2024
    Asecap Days 2024: Getting used to the new normal
    Asecap Days 2024 in Milan focused on environmental protection of road infrastructure, digital twin-based maintenance and monitoring of highways as well as the impact of electric vehicles, reports David Arminas
  • August 8, 2012
    In-car navigation market bottoms out
    The total in-car navigation market has been in continual decline for the last three years, but ABI Research believes it has now reached its lowest ebb. While pure navigation is unlikely to reach the highs of 2008 again, the overall market is reaching a revenue plateau, creating a solid platform on which connected in-car services can bring a new generation of revenue growth. Senior analyst Patrick Connolly stated,” When we look at the decline from 2008 to 2011, there is a perfect storm of economic conditions
  • December 5, 2017
    New Mersey crossing ends Halton’s congestion misery
    Plagued by intolerable congestion but denied government funding for its solution, tiny Halton Borough Council relentlessly pursued its vision and achieved what many believed impossible. Halton may be a small local authority in north west England, but it had a big traffic problem. However, as the road, or more particularly the bridge, involved was not deemed a strategic route, central government would not commission or even fund a solution - a problem that many other local authorities will recognise.