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Portillo's Names a New CEO

Brett Patterson, with a strong restaurant leadership background, will lead Portillo's strategic reset focusing on sustainable growth and operational excellence after flat sales and stock pressure.

  • CHICAGO, Feb. 11, 2026 — Portillo's named Brett Patterson as President and CEO, effective Monday, February 23, 2026, in a GlobeNewswire release.
  • Following sluggish same-store sales and the September exit of former CEO Michael Osanloo, Portillo's board of directors launched a leadership change amid a strategic reset and lowered targets.
  • Brett Patterson, a longtime operator, brings experience running Miller's Ale House, sports-themed chain with more than 100 locations in 10 states, and held executive roles at Outback Steakhouse, Ruby Tuesday, and Olive Garden with a people-first leadership style.
  • Portillo's disclosed in an SEC 8-K that Patterson will assume strategic leadership, join the board, and receive an $800,000 base salary, $400,000 sign-on RSUs, and a $3 million equity target.
  • Portillo's will pursue smaller restaurant footprints and sub-$5.4 million buildouts to improve unit economics, opening eight new restaurants this year, with updates on Feb. 24.
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Portillo’s Appoints Brett Patterson as President & Chief Executive Officer

CHICAGO, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Portillo's, the iconic Chicago-based fast-casual restaurant famous for its Italian beef sandwiches,...

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Globe Newswire broke the news in on Wednesday, February 11, 2026.
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