Business
Eugene I. Lee, Jr. Appointed Chairman of the Board of Portillo’s; Michael A. Miles, Jr. to Retire as of Annual Meeting
Directors Michael A. Miles, Jr. and Joshua A. Lutzker announce they will not stand for reelection at the Company’s 2026 Annual MeetingCHICAGO, March 11, 2026 (GLOBE NEWSWIRE) -- Portillo’s (NASDAQ: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced a leadership transition within its Board of Directors. The Board has appointed Eugene I. Lee, Jr., a respected veteran of the restaurant industry and award-winning foodservice leader, as Chairman o
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[{"type":"image","alt":"Portillo’s Inc.","displaySize":"","headline":null,"caption":"Portillo’s Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":67,"url":"https://media.zenfs.com/en/globenewswire.com/3ab43041ed7972c0bbc5b5b3fb5f181e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/83gCE7Ipus_vZwPXj6g6rQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTk0O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/3ab43041ed7972c0bbc5b5b3fb5f181e","width":300,"height":67}},"lazy":false},{"type":"text","content":"Directors Michael A. Miles, Jr. and Joshua A. Lutzker announce they will not stand for reelection at the Company’s 2026 Annual Meeting","length":134,"tagName":"p"},{"type":"text","content":"CHICAGO, March 11, 2026 (GLOBE NEWSWIRE) -- Portillo’s (NASDAQ: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced a leadership transition within its Board of Directors. The Board has appointed Eugene I. Lee, Jr., a respected veteran of the restaurant industry and award-winning foodservice leader, as Chairman of the Board, effective immediately. Lee succeeds Michael A. Miles, Jr., who will retire after leading the Company’s Board of Directors since 2014, where he helped transition Portillo’s from a founder-led company to a public company.","length":598,"tagName":"p"},{"type":"text","content":"“It’s an honor to step into the role of Chairman at this pivotal time. Portillo’s is an iconic brand with a powerful foundation and an even brighter future,” said Lee. “The Board and I appreciate Mike’s long-time dedication to and affinity for Portillo’s; he has done an excellent job leading the Company’s Board for over a decade, and we value his work as Interim Chief Executive Officer to jumpstart the brand’s recent strategic reset. As we move forward, we are confident in the tremendous opportunities ahead for Portillo’s. I look forward to working closely with the Board and management team to build on the Company’s momentum, drive long-term value for our shareholders, and support continued growth.”","length":708,"tagName":"p"},{"type":"text","content":"Lee joined the Portillo’s Board as a Director in June 2025, bringing deep restaurant-industry and public company experience. He served as CEO at Darden Restaurants from 2015 to 2022 and Chairman of the Darden Board from 2021 to 2023....