It may never be known exactly why Mark Holifield stepped down as CEO of regional parcel delivery carrier LaserShip/OnTrac. What can be deduced from Holifield’s departure, announced Tuesday, is the reasons that brought him to the company in late 2021 were no longer as compelling in March 2023.
It’s unlikely Holifield was forced out of his role as CEO and as a board member, according to those familiar with the situation. If the company was that dissatisfied, it would have pulled what one anonymous...