Torstar CEO David Holland to step down later this year

The Globe and Mail: The president and chief executive officer of Torstar Corp., David Holland, will retire later this year, paving the way for a new regime to take charge of the company that publishes the Toronto Star at a difficult stage in its history.

Torstar announced Wednesday that Mr. Holland, 58, who joined the company in 1986 and has served as CEO for seven years, will leave this fall. A search for his successor is under way.

Some industry veterans see Lorenzo DeMarchi, Torstar’s chief financial officer, as one of the leading internal candidates, but Torstar will also look outside its ranks with help from the executive search firm Caldwell Partners.

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