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 18, 2024
    Q-Free introduces latest back-office tolling technology
    Q-Free is celebrating the launch of its newest and most comprehensive tolling back-office system. After years of development with insight from global tolling giants, Intrada Operational Back Office is already in play across Portugal, but it makes its major international debut here in Dubai.
  • November 11, 2022
    US and UK parking groups join forces
    Partnership to support military veterans working in transport industry takes shape
  • November 13, 2013
    JV paves way for US interoperability hub
    A joint venture between Egis Projects and Sanef is paving the way for a new Automatic Number Plate Recognition (ANPR) and transponder-based ‘hub’ for nationwide tolling interoperability in the US. The joint venture, called Secure Interagency Flow LLC, has an agreement with the Alliance for Toll Interoperability (ATI) and operations are due to start by the end of this year. The final contract signings took place at the recent IBTTA conference in Vancouver and within the joint venture Egis will focus on opera
  • June 26, 2023
    Pride & joy & pushback
    Solidarity, celebration – and some disquiet. Support for the LGBTQ+ community among businesses has provoked a variety of responses. Adam Hill looks at the ITS industry’s reaction to Pride month