Franz-Joseph Miller has left his position as CEO of Lufthansa Cargo’s air charter division, time:matters.
Miller has been with the company for 16 years and has said that he is now embarking on ‘a new journey’. A replacement has not been named and in the interim, Miller’s work will be handled by COO Christian Mörtl.
Last year, under Miller’s leadership, the company increased revenue by 9% to just under €70 million ($80 million). Automotive sector-related revenues were up 92%, high-tech and semiconductor up 47%, and aviation and aerospace up 44%.
The CEO has driven revenue in the automotive sector by increasing the company’s network coverage in the US and Mexico and accelerated same-day delivery and time-critical logistics operations.
time:matters and Lufthansa
In 2016 Lufthansa Cargo took over complete ownership of the time:matters Group, experts in global sameday delivery and time-critical international spare part logistics. The cargo airline, which spun off time:matters as a subsidiary in 2002, had already held a 49% share. The majority 51% shareholding had been held by financial investor Aheim Capital and time:matters management. Lufthansa Cargo and time:matters had already been cooperating successfully on express products. The takeover was said to be in line with the Lufthansa Group’s ‘7 to 1: new concepts for growth’ strategy.
Speaking in August 2016, Franz-Joseph Miller, said: “With its technology and service platform, hardly any other logistics company can match time:matters in terms of service and flexibility. Since 2006, we have more than tripled our revenue to over €65 million.”