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Wintrust Business Minute: Portillo’s makes a change at CEO
Update: 2025-09-23
Description
Steve Grzanich has the business news of the day with the Wintrust Business Minute.
There’s a CEO change at Portillo’s. The company says Michael Osanloo is leaving effective immediately. Crain’s reports the change comes amid an ongoing challenge by an activist investor demanding changes at Portillo’s. Michael Miles Jr., who’s been serving as Portillo’s chairman, will take over as acting CEO. The Oak Brook-based company’s expansion has hit some speed bumps and has been slower than leadership had hoped.
Also, more job cuts are being announced at Capital One following its purchase of suburban-based Discover Financial Services. Listen for more below:
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