Lufthansa Cargo’s air charter division, time:matters, has appointed Alexander Kohnen as its managing director of strategy and sales.

Kohnen, who has been with time:matters for more than 16 years, moves from his role as senior director of industry development and product management with the company, and will take up the new role in the middle of November.

He will be assuming the responsibilities previously held by former CEO Franz-Joseph Miller, who left the company in July. Those duties are currently being handled jointly by COO Christian Mörtl and CFO Inga Christoph.

“We are delighted to have Alexander Kohnen on board,” said Dr Alexis von Hoensbroech, board member product and sales at Lufthansa Cargo. “He knows the industry inside out and has everything it takes to further establish time:matters as the leading specialist for same-day delivery and emergency logistics.”

Lufthansa Cargo bought the remaining 51% of time:matters last year from Aheim Capital. Lufthansa helped found time:matters back in 2002 and Aheim came on board in 2007, but the full buyout last year came at a time when Lufthansa Cargo was watching its own profits dwindle.

As previously reported, the expeditor saw a near-doubling in revenue related to the automotive sector in 2016.