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P.F. Chang’s chief executive Michael Osanloo named Portillo’s CEO

He will take over in October for Keith Kinsey, who is retiring.

Portillo’s on Monday named P.F. Chang’s chief executive Michael Osanloo the company’s new CEO.

Osanloo will replace Keith Kinsey, who has been the 52-unit Portillo’s CEO since 2015, on Oct. 1. Kinsey is retiring.

Michael Osanloo courtesy of Portillo's

“Growing up in Chicagoland, Portillo’s was the first restaurant that I drove to when I got my driver’s license,” Osanloo said in a statement. “I’m thrilled to be returning to Illinois to join one of the country’s most beloved restaurant brands.”

The private equity firm Berkshire Partners paid nearly $1 billion for the Oak Brook, Ill.-based Portillo’s in 2014. Kinsey was named CEO the next year.

Under Kinsey, the company has quickly expanded outside of its Chicago home, opening locations in Florida, Wisconsin, Minnesota and central Illinois.

Osanloo, meanwhile, has been with P.F. Chang’s since 2015. He has held leadership roles at Kraft Foods Group, Caesars Entertainment and Bain & Co.

Portillo’s founder Dick Portillo called Osanloo a “great choice to lead the company” and said he “has what it takes to continue the legacy of exceptional standards on which I founded this wonderful company.”

Portillo’s has system sales of nearly $339 million, according to data from Technomic. Its unit volumes averaged nearly $7 million.

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