Air Cargo Germany (ACG) has replaced chief executive Michael Bock, who is also the carrier's majority shareholder.
The Frankfurt Hahn-based freight carrier has revealed that Michael Schächer was appointed to succeed Bock with immediate effect during the airline's shareholder meeting last week.
Bock, who holds a 51% stake in ACG, had been at the helm of the company since he founded it in 2008.
Russia's Volga-Dnepr Group acquired a 49% shareholding in the company last year.
ACG has not disclosed details of Bock's departure. But it says that Schächer's appointment "signals a clear commitment and focus on expanding the cargo carrier's footprint".
ACG operates four Boeing 747-400 freighters.
Schächer held previously senior management positions at DHL Global Forwarding and Swiss logistics group Panalpina.