Lars Krosch, who was previously Vice President Sales & Product Development at time:matters, will take over as Managing Director and Chief Operating Officer of the time:matters group, with responsibility for operations and finance.

The 48 year old, who gained extensive management experience in various functions within the Lufthansa Group and in other companies, 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.