Lars Krosch will from January 2019 take on the role managing director and chief operating officer (COO) at the time:matters Group, with responsibility for operations and finance at the Lufthansa-owned time critical logistics operator.

Krosch, previously vice president sales and product development at time:matters, has gained extensive management experience in various functions within the Lufthansa Group and in his own companies.

He succeeds Andreas Vetter, who took over the vacant COO position on an interim basis. Krosch holds a diploma in business informatics and has held various management positions at time:matters since May 2009.

"With Lars Krosch, I am very pleased to have a trusted and experienced partner at my side who has known our industry and time:matters very well for many years. Together we will continue the extremely successful growth path of recent years, which he has helped to shape in the long term," said chief executive Alexander Kohnen.