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.

For more information on companies in this article

Related Content

  • India to invest in transportation to boost urban economies
    November 13, 2012
    Grand plans have been announced for transport investment in India aimed at boosting city economies. India’s Government Secretary for Urban Development Sudhir Krishna explains all to Jason Barnes. There are many reasons for developed countries’ high levels of urbanisation, not least of which is that the types of employment to be found in towns and cities tend to generate relatively greater wealth and so make greater contributions to a country’s economy. That creates the imperative for developing nations to f
  • Federal Signal supplies all the elements of end to end tolling
    January 31, 2012
    Manfred Rietsch, group president of Federal Signal Technologies (FST), talks about the recent acquisitions forming FST and the organisation's plans for the future. "Our philosophy is going to be about open access" Federal Signal has been on a buying spree. An energetic policy of acquisition over the past few months has seen the company reposition itself as an end-to-end provider of Electronic Toll Collection (ETC) systems with what it states is a portfolio of proven, best-in-class technologies which will al
  • Brazil opts for freeflow tolling
    April 9, 2014
    David Crawford explores the technical background of Brazil’s First multi-lane free-flow tolling system. The 2013 opening of Brazil’s first fully-operational, all-vehicle, multi-lane free-flow (MLFF) tolling system in the state of São Paolo has set the scene for a new phase of modern electronic fee collection (EFC) deployment in Latin America’s largest country. It has toll programmes at both federal and state levels, with São Paulo – the most populous state, with the largest road network – leading in the awa
  • IBTTA boss Kathryn Clay leaves after four months
    April 29, 2025
    Surprise decision was 'mutually agreed' with tolling organisation's board