Portillo’s appoints Michael Miles Jr as interim CEO, replacing Michael Osanloo. Osanloo, who led the company for seven years, will assist with the transition. The board forms a search committee to find a permanent CEO. Miles, with experience in retail and restaurants, aims to grow shareholder value and enhance guest experience. Eugene Lee Jr appointed as lead independent director during the transition. Portillo’s operates 90 outlets across ten US states, known for its signature menu items.

Read more at Yahoo Finance: Portillo’s appoints chairman Michael Miles Jr as interim CEO