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.
Detection, Monitoring & Machine Vision UTC Charging, Tolling & RUC

Related Content

  • November 4, 2016
    ISS appoints new director
    Image Sensing Systems (ISS) has announced the appointment of Geoffrey Davis has been appointed to its Board of Directors. Fisher replaces Melissa Fisher who has resigned as a director for personal reasons. Davis is a principal at Republic Consulting. From 2005 to 2012, he served as a US Congressman from the Commonwealth of Kentucky and represented the Fourth District in the United States House of Representatives. Prior to serving in Congress, Davis owned and operated a consulting firm specialising in le
    Read More
  • October 11, 2016
    Econolite announce new COO
    Abbas Mohaddes is attending this ITS World Congress Melbourne in his new role as recently appointed president and COO of Econolite Group (EGI) with responsibility for the company’s global operations, including the continued development of strategic partnerships. He succeeds David St Amant, who will retire at the end of the year after a period of working closely together to help ensure a smooth transition of responsibilities, and will report directly to Econolite Group’s CEO Mike Doyle.
    Read More
  • May 31, 2013
    Easytrip appoints new board member
    Easytrip, Ireland’s electronic tolling payment services provider, has appointed Steve Preece to its board. Steve is managing director of Egis Projects Ireland and currently holds positions on a number of Irish company boards. He will play an active part in Easytrip’s development, assist in promoting the company’s core business and give guidance to the senior management team. He will also look to ensure Egis Projects’ interests are represented and work closely with the management team to build on the exist
    Read More
  • January 6, 2014
    OBU orders and CEO changes for Q-Free
    Portuguese tag issuer Via Verde, part of the Brisa Group, has ordered on-board units from Q-Free in an order worth approximately US$1.9 million. The order will be delivered within the second quarter of 2014. Q-Free’s fourth generation OBU610 is small and unobtrusive, yet powerful enough to support all applicable 5.8GHz CEN DSRC protocols for automatic registration, identification and fee collection from vehicles. “Via Verde has been customer of Q-Free since 1995 and we have now supplied more than 3.2
    Read More

Highlighted Content