Summary
Overview
Work History
Education
Skills
Timeline
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Derrick Pratt

Chicago,IL

Summary

A 36-year history of proven operational performance and results. Thrives on being an inspirational leader that has a passion for developing people. Has led small, focused teams and large highly skilled cross-functional teams through complex strategic endeavors. Have cultivated an entrepreneurial approach that instinctively grows profitability through honed and steadfast P&L expertise.

Overview

39
39
years of professional experience

Work History

Chief Operating Officer

Portillo's Inc
04.2021 - Current

Responsible for driving revenues and profitability in 85 restaurants that deliver $8.6M AUVs and comprise over 8,000 Team Members. All located in 10 states within the US.

  • Worked collaboratively with peer team and Board to take the company through successful IPO - enabled 3 successful secondary offering
  • Direct Reports (8) Include: SVPs of Technology, Marketing and Off Premise, VPs of Operations, New Restaurant Openings, Restaurant Support, Directors of Operations Services, Workforce Management/Ops Engineering
  • Executed against newly defined Technology roadmap: Digital Board, New POS Interface, Mobile POS, Expanded digital access points
  • Drove outsized comps in Off Premise space by increasing operating capacity in digital pick up and catering space - enabled expansion of third-party relationships by 40
  • Drove highest Net Promoter (70) and Guest Satisfaction (69%) results in the company's history
  • Expanded RLEBITDA through prime cost leverage - Increased labor efficiency to mitigate labor inflation, reducing labor needed to execute our operating model by 10%

SVP of Operations

Portillo's Inc
09.2020 - 04.2021

Responsible for driving revenues in and profitability in 64 restaurants that deliver $8.3M AUVs and comprise over 6,000 Team Members. All located within 9 states within the US.

  • Direct Reports (7) included: VPs of Ops, Restaurant Support and New Restaurant Openings, and Culinary, Directors of Ops Services, Ops Engineering and Work Force management
  • During mu short time in this we reorganized operations and identified key leaders to drive our growth aspirations
  • Developed our strategic framework and focus, as well as "Metrics that Matter" that would drive all future performance and results assessment

Vice President, Operations Services

STARBUCKS COFFEE COMPANY
11.2019 - 09.2020

Responsible for Labor, Technology, and Fraud Analytics departments for company stores in the US and Canada. This comprised over 11,000 stores and 220,000 employees

  • Led a team of 60 professionals ranging from data scientist to seasoned operators in controlling $5.5B labor budget
  • Led centralized forecasting (TCs& IPTs) and deployment efforts through COVID and maintained compensation and work stability through complex labor market environments
  • Worked with CFO to never have missed weekly labor targets
  • Developed a technology road map that would alter digital interface and order awareness, to provide just-in-time service

Vice President, Company Operations SE

STARBUCKS COFFEE COMPANY
01.2016 - 10.2019
  • Responsible for P&L of a $1.4B business unit encompassing 800 company operated stores with 20,000 employees in: Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, and Virginia; reports to U.S
  • Senior Vice President of Operations
  • Leads a team of eight Regional Directors, Human Resources, Store Development and Facilities
  • Experienced yearly deal approval of 300 development projects with one asset impairment in three years; launched the first Starbucks Uber Eats platform in South Florida which served as an operating template of success in the U.S
  • Improved window channel efficiency to best in class in the US
  • Opened an average of 43 new stores yearly exceeding proforma financials by 15%; relocated, and rebuilt on average 15 stores yearly with comp sales average of 45%
  • Grew total sales on average 10% (comp 4%) every year in role
  • Enhanced team performance, developed and promoted four Regional Directors to lead $200M business units

Vice President, Licensed Operations Southeast

STARBUCKS COFFEE COMPANY
01.2012 - 01.2016
  • Responsible for P&L of a $1.1B business unit encompassing 1600 licensed stores in: Alabama, Arkansas, Florida, Georgia, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, and West Virginia; reported to Executive Vice President, North America/LATAM
  • Led a team of eight: Regional Directors, Human Resources, and Branded Solutions
  • Launched a new consulting approach that changed the licensee engagement model and serves as a foundation company-wide for Mid-Management
  • Improved development to readiness for Director-level which enabled internal promotions of 30% of my existing team in 18-months
  • Opened ~120 new stores each year exceeding proforma financials by 7%.

Director, Business and Operations

STARBUCKS COFFEE COMPANY
01.2009 - 01.2012
  • Commissioned a cross functional team of category experts to close traffic gaps driven by market seasonality differences; reported to the Division Senior Vice President
  • Led field implementation, strategy, planning function for 3,600 store division in the U.S
  • Developed a seasonal market strategy to close 24 daily transaction gaps between warm and cold markets shoulder periods to zero within 18 months: annual revenue impact of gap closure in perpetuity and compounding of $185M.

Franchise Owner and Operator

D&J PRATT ENTERPRISES, LLC
04.2008 - 12.2010
  • Served as Owner and Operator of Bakery Deli Fast Casual restaurant with rights to develop DFW market
  • Acquired $1.3M restaurant with 11% profit margins; expanded catering by 20% within 6 months

Vice President and GM, Northern California

MCDONALD'S CORPORATION
01.2004 - 10.2007
  • Responsible for P&L for a $1.2B , including CA/NV/OR with 600 restaurants, 145 franchisees and 1,200 company employees; reported to President, West Division
  • Led cross-functional team including: Vice President, Franchise Operations; Finance Director; Human Resource Director; Marketing Director; Purchasing Director; and Business Research Manager
  • Accountable for driving comparable income growth, franchisee cash flow, and exceeding shareholder return expectations; drove comparable sales growth over three years totaling $70M
  • Grew regional income $18M over three years, exceeding plan targets each year
  • Improved franchisee cash flow by $240,000 per organization and increased equity $1.2M
  • Exceeded shareholder return expectations on incremental capital invested by 4%
  • Cultivated talent pools that provided upward mobility for over 35% of the corporate staff
  • Aligned six co-ops with diverse DMAs on core strategic marketing platforms improving customer satisfaction through consistent product offerings and retail merchandising execution.

Vice President, Operations

MCDONALD'S CORPORATION
01.2001 - 01.2004
  • Responsible for franchised/company operations of a $1.4B business unit; included TX/NM with 700 restaurants, 152 franchisees and 1,500 company employees; reported to the Vice President, General Manager
  • Managed a team including: Training Director; Back Office Systems Director; Field Consulting Services Directors; and Franchising Director
  • Accountable for driving comparable sales and profits through operational excellence and franchise performance in support of corporate targets
  • Increased sales $21M through operational efficiencies and reduced service times in 80% of the restaurants; exceeded newly franchised restaurant sales projections in 120 restaurants by 14% on average over three years
  • Created profit optimization education improving restaurant level cash flow by $20,000 annually
  • Improved mystery shopper scores in 90% of all restaurants driving customer satisfaction scores to all-time highs

Director of Franchise/Corporate Operations

MCDONALD'S CORPORATION
01.2000 - 01.2001
  • P&L responsibility for a $114M region, including 60 company-owned restaurants, 500 Managers, mid-Managers and staff employees; reported to Vice President, Operations
  • Responsible for all field services for 60 franchisees with 300 restaurants
  • Accountable for driving comparable sales and profits through operational excellence and franchise compliance in support of regional growth targets
  • Exceeded company-owned restaurant profit plan for the year by $750,000
  • Pioneered the “McDonald’s in Walmart” franchise growth strategy improving sales 40% in one year
  • Designed and implemented a post reorganization field operations structure that increased productivity, reduced overhead cost, and drove business results.

Staff Director of Training/Operations

MCDONALD'S CORPORATION
01.1997 - 01.2000
  • Responsible for training, learning and development function for the Midwest Division, including seven regions, 4,000 restaurants and 60 regional training staff
  • Accountable for developing and deploying restaurant management and mid-management curriculum to 31,000 Managers
  • Designed/launched the first remote delivered management and mid-management curriculum
  • Served on a team that developed the company’s first computer-based Interactive Training System; McDonald's Interactive Crew Training enhanced operations in 14,000 restaurants nationwide increasing productivity immensely.

Field Service Manager, Franchise

MCDONALD'S CORPORATION
01.1995 - 01.1997

Operations Manager, Company

MCDONALD'S CORPORATION
01.1993 - 01.1995

Business Consultant, Franchise

MCDONALD'S CORPORATION
01.1991 - 01.1993

Area Supervisor, Company

MCDONALD'S CORPORATION
01.1989 - 01.1991

Restaurant Management, Company

MCDONALD'S CORPORATION
10.1986 - 01.1989

Crypto Analyst

NATIONAL SECURITY AGENCY/DEPARTMENT OF DEFENSE
01.1985 - 01.1987
  • Managed electronic telecommunications signal flow and integrity for strategic military locations worldwide.

Education

M.B.A. - Management and Operations

TEXAS CHRISTIAN UNIVERSITY
FORT WORTH, TX
01.2009

Skills

  • Franchisee/Licensee Development
  • Guest Satisfaction
  • Real Estate Site Selection
  • Operating Process Improvement
  • Financial Acuity
  • Strategic Business Planning
  • Corporate Communications
  • Relationship and Team Building

Timeline

Chief Operating Officer

Portillo's Inc
04.2021 - Current

SVP of Operations

Portillo's Inc
09.2020 - 04.2021

Vice President, Operations Services

STARBUCKS COFFEE COMPANY
11.2019 - 09.2020

Vice President, Company Operations SE

STARBUCKS COFFEE COMPANY
01.2016 - 10.2019

Vice President, Licensed Operations Southeast

STARBUCKS COFFEE COMPANY
01.2012 - 01.2016

Director, Business and Operations

STARBUCKS COFFEE COMPANY
01.2009 - 01.2012

Franchise Owner and Operator

D&J PRATT ENTERPRISES, LLC
04.2008 - 12.2010

Vice President and GM, Northern California

MCDONALD'S CORPORATION
01.2004 - 10.2007

Vice President, Operations

MCDONALD'S CORPORATION
01.2001 - 01.2004

Director of Franchise/Corporate Operations

MCDONALD'S CORPORATION
01.2000 - 01.2001

Staff Director of Training/Operations

MCDONALD'S CORPORATION
01.1997 - 01.2000

Field Service Manager, Franchise

MCDONALD'S CORPORATION
01.1995 - 01.1997

Operations Manager, Company

MCDONALD'S CORPORATION
01.1993 - 01.1995

Business Consultant, Franchise

MCDONALD'S CORPORATION
01.1991 - 01.1993

Area Supervisor, Company

MCDONALD'S CORPORATION
01.1989 - 01.1991

Restaurant Management, Company

MCDONALD'S CORPORATION
10.1986 - 01.1989

Crypto Analyst

NATIONAL SECURITY AGENCY/DEPARTMENT OF DEFENSE
01.1985 - 01.1987

M.B.A. - Management and Operations

TEXAS CHRISTIAN UNIVERSITY
Derrick Pratt