PORTILLO S INC CLASS A (PTLO)
Sector: Consumer Discretionary
Sector: Consumer Discretionary
PORTILLO S INC CLASS A - Executive Compensation
Interim President and Chief Executive Officer
Executive Compensation
Michael A. Miles, Jr. serves as Interim President and Chief Executive Officer of Portillo's Inc. (NASDAQ: PTLO), a beloved Chicago-born restaurant chain renowned for its Italian beef sandwiches, hot dogs, and other classic American fare. Appointed to this role in May 2024 following the departure of the previous CEO, Miles brings decades of leadership experience in private equity, consumer brands, and operational turnarounds. A director on Portillo's Board since October 2021, he has been instrumental in guiding the company's public transition and growth strategy since its IPO in 2021. With a distinguished career in investment and management, Miles is the Managing Partner of M&B Capital Investors, L.P., a private equity firm he co-founded in 2004, focusing on control investments in middle-market companies. Previously, he was a Principal at Clayton, Dubilier & Rice, Inc., where he led investments in foodservice and consumer sectors. His achievements include successful portfolio transformations at companies like Hertz Global Holdings, Inc., where he served on the board during its emergence from bankruptcy, and other ventures yielding strong returns for investors. A graduate of Duke University with a B.A. in Economics and an M.B.A. from Harvard Business School, Miles is the son of former Philip Morris and Time Warner CEO Michael A. Miles. In his interim role at Portillo's, Miles oversees all aspects of the business, including operations across 80+ locations, menu innovation, and expansion into new markets. His deep expertise in scaling restaurant and retail concepts positions him to drive profitability and long-term value amid competitive industry dynamics, ensuring Portillo's continues to delight fans nationwide.