Leadership Turmoil Sends Portillo’s Shares to New Low

Portillo’s finds itself navigating a severe leadership crisis as the departure of its Chief Development Officer, Mike Ellis, sends shockwaves through the company just one week before its quarterly earnings report. The fast-food chain’s stock has plummeted to a fresh 52-week low, reflecting a steep 12.59% decline over a ten-day period and raising serious questions about the stability of its executive team.

The company’s leadership was dealt another significant blow with the immediate departure of Mike Ellis from his role as Chief Development Officer. His exit package includes a cash severance, a prorated bonus for 2025, and the immediate vesting of his stock options. This marks the second high-level executive departure Read more...