Portillo’s Adds Industry Veteran Jack Hartung to Board of Directors
Portillo's (NASDAQ: PTLO), a fast-casual restaurant known for Chicago-style favorites, announced the appointment of Jack Hartung to its Board of Directors, effective immediately. Hartung, currently President and Chief Strategy Officer at Chipotle, brings extensive experience in the fast-casual dining sector. He played a pivotal role at Chipotle, serving as CFO for 22 years and helping guide the company through its 2006 IPO and subsequent growth from under 500 to over 3,600 locations, delivering a 60x return to shareholders.
Prior to Chipotle, Hartung held various management positions at McDonald's , ultimately serving as VP and CFO of its Partner Brands Group. He also serves on the Boards of The Honest Company and Zocdoc. Hartung expressed admiration for Portillo's transformation from a Chicago icon to a national brand, emphasizing his commitment to maintaining high standards and unique culture.
With his addition, Portillo’s Board now comprises eight directors, seven of whom are independent. The company believes Hartung’s expertise will be invaluable as they accelerate growth in new markets across the country.
Portillo's (NASDAQ: PTLO), un ristorante fast-casual noto per i suoi piatti tipici di Chicago, ha annunciato la nomina di Jack Hartung nel suo Consiglio di Amministrazione, con effetto immediato. Hartung, attualmente Presidente e Chief Strategy Officer di Chipotle, porta con sé un'ampia esperienza nel settore della ristorazione fast-casual. Ha svolto un ruolo fondamentale in Chipotle, ricoprendo la carica di CFO per 22 anni e contribuendo a guidare l'azienda attraverso la sua IPO del 2006 e la successiva crescita da meno di 500 a oltre 3.600 sedi, fornendo un ritorno di 60 volte agli azionisti.
Prima di Chipotle, Hartung ha ricoperto varie posizioni dirigenziali in McDonald's, culminando nella sua carriera come VP e CFO del Partner Brands Group. Siede anche nei Consigli di The Honest Company e Zocdoc. Hartung ha espresso ammirazione per la trasformazione di Portillo's da icona di Chicago a marca nazionale, sottolineando il suo impegno nel mantenere elevati standard e una cultura unica.
Con la sua aggiunta, il Consiglio di Portillo's conta ora otto direttori, sette dei quali sono indipendenti. L'azienda ritiene che l'expertise di Hartung sarà preziosa mentre accelera la crescita in nuovi mercati in tutto il paese.
Portillo's (NASDAQ: PTLO), un restaurante fast-casual conocido por sus favoritos al estilo de Chicago, anunció el nombramiento de Jack Hartung en su Junta Directiva, con efecto inmediato. Hartung, que actualmente es Presidente y Director de Estrategia en Chipotle, aporta una amplia experiencia en el sector de la comida rápida. Desempeñó un papel fundamental en Chipotle, sirviendo como CFO durante 22 años y ayudando a guiar a la compañía a través de su IPO en 2006 y su crecimiento posterior de menos de 500 a más de 3,600 ubicaciones, brindando un retorno de 60 veces a los accionistas.
Antes de Chipotle, Hartung ocupó varios puestos de gestión en McDonald's, culminando como VP y CFO de su Grupo de Marcas Asociadas. También forma parte de las Juntas de The Honest Company y Zocdoc. Hartung expresó admiración por la transformación de Portillo's de ícono de Chicago a marca nacional, enfatizando su compromiso con el mantenimiento de altos estándares y una cultura única.
Con su adición, el Consejo de Portillo's ahora consta de ocho directores, siete de los cuales son independientes. La compañía cree que la experiencia de Hartung será invaluable mientras acelera el crecimiento en nuevos mercados en todo el país.
포르틸로스 (NASDAQ: PTLO), 시카고 스타일의 인기 메뉴로 잘 알려진 패스트 캐주얼 레스토랑이 잭 하턴을 이사회에 즉시 임명했다고 발표했습니다. 하턴은 현재 치폴레의 회장 겸 최고 전략 책임자로 패스트 캐주얼 외식 분야에서 폭넓은 경험을 쌓았습니다. 그는 치폴레에서 CFO로 22년간 재직하며 2006년 IPO 및 500곳 미만의 매장에서 3,600곳 이상의 매장으로 성장하는데 중요한 역할을 했고, 주주들에게는 60배의 수익을 안겼습니다.
치폴레에 들어오기 전, 하턴은 맥도날드에서 여러 관리직을 역임하며 최종적으로 파트너 브랜드 그룹의 부사장 및 CFO로 재직했습니다. 그는 더 헌스트 컴퍼니와 조크독의 이사로도 활동 중입니다. 하턴은 포르틸로스가 시카고의 아이콘에서 전국 브랜드로 변모한 것에 대해 감탄을 표하며, 높은 기준과 독특한 문화를 유지하겠다는 의지를 강조했습니다.
그의 추가로 포르틸로스의 이사회는 이제 8명의 이사로 구성되며, 그 중 7명이 독립적입니다. 회사는 하턴의 전문성이 전국의 새로운 시장에서 성장을 가속화하는 데 매우 소중할 것이라고 믿고 있습니다.
Portillo's (NASDAQ: PTLO), un restaurant fast-casual connu pour ses spécialités de Chicago, a annoncé la nomination de Jack Hartung à son conseil d'administration, prenant effet immédiatement. Hartung, actuellement Président et Directeur de la stratégie chez Chipotle, apporte une vaste expérience dans le secteur de la restauration rapide. Il a joué un rôle déterminant chez Chipotle, occupant le poste de CFO pendant 22 ans et aidant l'entreprise à traverser son introduction en bourse en 2006 et sa croissance subséquente de moins de 500 à plus de 3 600 emplacements, offrant un retour de 60 fois à ses actionnaires.
Avant Chipotle, Hartung a occupé divers postes de direction chez McDonald's, où il a finalement été VP et CFO du Partner Brands Group. Il siège également aux conseils de The Honest Company et de Zocdoc. Hartung a exprimé son admiration pour la transformation de Portillo's, passant d'icône de Chicago à marque nationale, soulignant son engagement à maintenir des normes élevées et une culture unique.
Avec son ajout, le conseil d'administration de Portillo's compte maintenant huit directeurs, dont sept sont indépendants. L'entreprise estime que l'expertise de Hartung sera précieuse alors qu'elle accélère sa croissance sur de nouveaux marchés à travers le pays.
Portillo's (NASDAQ: PTLO), ein Fast-Casual-Restaurant, das für seine Chicagoer Spezialitäten bekannt ist, gab die Ernennung von Jack Hartung in seinen Vorstand mit sofortiger Wirkung bekannt. Hartung, der derzeit Präsident und Chief Strategy Officer bei Chipotle ist, bringt umfassende Erfahrungen im Fast-Casual-Dining-Sektor mit. Er spielte eine entscheidende Rolle bei Chipotle, indem er 22 Jahre lang CFO war und half, das Unternehmen durch den Börsengang 2006 zu leiten und das Wachstum von weniger als 500 auf über 3.600 Standorte zu fördern, was den Aktionären einen 60-fachen Rückfluss bescherte.
Vor seinen Tätigkeiten bei Chipotle hatte Hartung verschiedene Managementpositionen bei McDonald's inne, wo er schließlich als VP und CFO der Partner Brands Group tätig war. Zudem ist er in den Vorständen von The Honest Company und Zocdoc aktiv. Hartung drückte seine Bewunderung für die Transformation von Portillo's von einer Ikone Chicago zu einer nationalen Marke aus und betonte sein Engagement für hohe Standards und eine einzigartige Unternehmenskultur.
Mit seiner Ernennung besteht der Vorstand von Portillo's nun aus acht Direktoren, von denen sieben unabhängig sind. Das Unternehmen ist der Überzeugung, dass Hartungs Expertise von unschätzbarem Wert sein wird, während sie das Wachstum in neuen Märkten im ganzen Land beschleunigen.
- Appointment of industry veteran Jack Hartung to the Board of Directors.
- Hartung's extensive experience in driving operating excellence and developing restaurants with high returns.
- Hartung's successful history at Chipotle, including guiding the company through its IPO and significant growth.
- None.
Appointment Fortifies Acceleration of Portillo’s Growth
CHICAGO, Jan. 10, 2025 (GLOBE NEWSWIRE) -- Portillo’s (NASDAQ: PTLO), the fast-casual restaurant concept known for its menu of Chicago-style favorites, today announced the appointment of Jack Hartung, President and Chief Strategy Officer at Chipotle, to Portillo’s Board of Directors, effective immediately.
"Jack Hartung has been a pioneer of the fast casual restaurant sector and an architect behind one of its greatest success stories. His experience driving operating excellence and developing restaurants with best-in-class cash-on-cash returns with Chipotle will be invaluable to Portillo's as we accelerate our growth in new markets across the country," said Mike Miles, Portillo's Chairman of the Board of Directors. “We appreciate Engaged Capital for the role they played in introducing us to Jack.”
Mr. Hartung has played a pivotal role in Chipotle's growth and success over the past 25 years, where he served as Chief Financial Officer for 22 years before moving into his current role of President and Chief Strategy Officer. After joining Chipotle in 2002 as CFO, he helped guide the company through its 2006 IPO and period of explosive growth, during which Chipotle expanded from fewer than 500 restaurants to over 3,600 locations nationwide while delivering a more than 60x return to shareholders.
Prior to Chipotle, he spent nearly two decades at McDonald's Corporation in various management positions, ultimately serving as Vice President and Chief Financial Officer of its Partner Brands Group. He currently serves on the Boards of Directors for The Honest Company and Zocdoc. Mr. Hartung began his career in public accounting and holds both a bachelor’s degree and MBA from Illinois State University.
"Growing up in the Chicago suburbs, I've long admired Portillo's commitment to quality food and exceptional service," said Mr. Hartung. "I've watched as they've successfully transformed from a Chicago icon into a national brand, while maintaining their high standards and unique culture. I look forward to joining the Board and helping write the next chapter of the Portillo's story."
With the addition of Mr. Hartung, Portillo’s Board now comprises eight directors, seven of whom are independent.
About Portillo’s
In 1963, Dick Portillo invested
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Investors@portillos.com
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