Portillo’s (PTLO) announced that its board of directors has appointed chairman of the board Michael Miles as interim CEO, effective immediately. Miles succeeds Michael Osanloo, who has departed the company as president and CEO and as a member of the board of directors. Osanloo will support the transition as a special advisor to Miles and the board over the next 90 days. The board of directors has established a search committee and will be assisted by a leading executive search firm in conducting a comprehensive search process to identify the company’s next CEO.
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