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 Urban Traffic Control Charging, Tolling & RUC

For more information on companies in this article

Related Content

  • Star Systems appoints senior product manager
    December 14, 2020
    Innovation experience of Eveline Mou will accelerate business expansion, company says
    Read More
  • Q-Free acquisition expands ATMS business
    September 23, 2014
    Q-Free has further expanded its advanced traffic management systems and road user charging business, with the acquisition of US company Open Roads Consulting. Q-Free says Open Roads Consulting's software solutions will be a valuable addition to its own ATMS solutions in the US and internationally. Established in 2000, Open Roads Consulting has 74 employees and operates mission critical traffic deployments and video based surveillance of critical assets in 30 states in the US. “We are happy to close t
    Read More
  • Joining old and new in Canada’s Highway 407
    June 17, 2016
    David Arminas visits Canada’s Highway 407 ETR to see how the concession is working and hear about new arrangements for the roadway’s extension. The Toronto region is North America’s eighth largest metropolitan area and its roads become notoriously congested. In 1997 Highway 407, a 68km concrete toll motorway which skirts the northern edge of Toronto, was opened and initially operated by the province and CHIC - a consortium of four leading Ontario-based companies. Finance came from the Ontario Financing Auth
    Read More
  • Iteris joins leadership circle for automated vehicle initiative
    September 10, 2014
    Iteris has joined the University of Michigan as one of 13 companies that includes Denso, Delphi, Econolite, Ford, GM, Nissan, Verizon and Toyota as a founding partner in its Mobility Transformation Center (MTC). The MTC will initiate and execute multiple research programs to advance the technology and policies surrounding new methods of transportation relating to smart vehicles and infrastructure. Iteris plans to collaborate with MTC and the select group of companies to guide the selection of specific re
    Read More

Highlighted Content