Management ChangeAug 4, 2026, 08:08 AM
Portillo's Appoints Kevin Kalicak as New CFO
AI Summary
Portillo's Inc. announced the appointment of Kevin Kalicak as its new Chief Financial Officer and Treasurer, effective September 7, 2026. Mr. Kalicak, 53, brings extensive restaurant industry financial leadership experience from Darden Restaurants, where he most recently served as Senior Vice President of Finance for Olive Garden. He will receive an annual base salary of $500,000, with eligibility for a 75% target annual bonus and a $750,000 target Long-Term Incentive Plan, along with significant sign-on awards.
Key Highlights
- Kevin Kalicak appointed Chief Financial Officer and Treasurer, effective September 7, 2026.
- Mr. Kalicak, 53, previously served as SVP of Finance for Olive Garden at Darden Restaurants.
- He will succeed Ms. Pamela Smith, who served as Interim CFO since May 20, 2026.
- Annual base salary set at $500,000.
- Eligible for annual bonus target of 75% of base salary.
- Long-Term Incentive Plan target of $750,000 (50% RSUs, 50% Performance Stock Units).
- One-time sign-on cash award of $100,000 and guaranteed 2026 annual incentive of $187,500.
- One-time sign-on RSU award with a grant-date value of $825,000, vesting over three years.
Price Impact
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