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Wintrust Business Minute: Portillo’s makes a change at CEO
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:
https://serve.castfire.com/audio/7725310/7725310_2025-09-23-174910.64kmono.mp3
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By wgnradio.com
4.6
99 ratings
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:
https://serve.castfire.com/audio/7725310/7725310_2025-09-23-174910.64kmono.mp3
Recent Posts
Wintrust Business Lunch
SNAP funding, Cameo suing OpenAI, Phraze
.cls-7{fill:#fff;fill-rule:evenodd}
Strong market, AI v. bosses, Chicago budget impact
.cls-7{fill:#fff;fill-rule:evenodd}
Fed decision, tariff cost, Posto 31 in LaGrange Park
.cls-7{fill:#fff;fill-rule:evenodd}
Terry Savage: No big surprises from the Fed
.cls-7{fill:#fff;fill-rule:evenodd}
Amazon layoffs, meeting overload, Simple Flooring
.cls-7{fill:#fff;fill-rule:evenodd}
Click for more
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