Franz-Joseph Miller (pictured) has left his position as CEO of Lufthansa Cargo’s air charter division, time:matters; he was with the company for 16 years but said he was embarking on ‘a new journey’.

While the German freight expeditor looks for a new CEO, the role will be handled jointly by COO Christian Mörtl and CFO Inga Christoph.

Last year, under Miller’s leadership, the company increased revenue by 9% to just under €70m ($80m). Automotive sector-related revenues were up 92%, high-tech and semiconductor up 47%, and aviation and aerospace up 44%.

Miller told Automotive Logistics back in May that the rise in automotive revenue was the result of an increase in network coverage in the US and Mexico, along with a renewed focus on the automotive sector for same-day delivery and emergency logistics.

“We started focusing on the automotive industry a lot more a couple of years ago, having realised that there is a big need for management and support in urgent spare parts delivery,” said Miller.

Around 30% of the time:matter’s business is now in automotive spare parts.

Miller remains chairman of the board and co-founder of Liefery, a same-day delivery network in Germany.