BNET Industries
Last Fiscal Year Sales:$531.4M
- Private
- US
Dow Jones Description
We are a leading full-service, casual dining restaurant company and provider of premium ice cream products with locations primarily in the Northeast. As of July 1, 2007, we operated 316 full-service restaurants and franchised 199 full-service restaurants and seven non-traditional units, located in 16 states.
President & CEO
Ned R. LidvallNumber of Employees 12,800
Contact Information
1855 Boston Rd
Wilbraham, Massachusetts 01095-1002
(413) 731-4000
Peer Companies
NAICS Code Full-Service Restaurants: 722110
Recent Events
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Friendly's Adds Lava Cakes to Menu
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Ice Cream Floats on a Lake of Hot Fudge Lava From a Chocolate Cake Volcano...
News & Analysis
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company and friendly ice cream corp. - All News and Analysis
Friendly Ice Cream Corporation's Offer of Two Board Seats is Rejected by Sardar Biglari
- 2007-01-02
WILBRAHAM, Mass. -- Friendly Ice Cream Corporation (AMEX: FRN) today announced that Sardar Biglari rejected the Company's offer of two seats on its Board of Directors for Mr. Biglari and his colleague, Phillip Cooley. The Company's offer contained only one condition - that they agree not to solicit any proxies...
Friendly Ice Cream Corporation Reports First Quarter 2004 Results; Completes Private Offering of $175 Million Principal 8.375% Senior Notes Due 2012
- 2004-04-26
Business Editors WILBRAHAM, Mass.--BUSINESS WIRE--April 26, 2004 Friendly Ice Cream Corporation (AMEX: FRN) today reported a net loss for the three-months-ended March 28, 2004 of $5.1 million, or $0.68 per share, compared to a net loss of $1.5 million, or $0.20 per share, reported for the three-months-ended March...
Restaurant Industry Veteran John L. Cutter Named as Chief Executive Officer and President of Friendly Ice Cream Corporation
- 2003-02-14
Business Editors WILBRAHMAM, Mass.--BUSINESS WIRE--Feb. 14, 2003 Friendly Ice Cream Corporation (AMEX:FRN), New England's largest full service restaurant chain and the market share leader for retail sales of premium ice cream products, today announced the appointment of John L. Cutter as Chief Executive Officer and President. He succeeds...
Friendly Ice Cream Corporation Responds to Blake Lawsuit
- 2003-01-03
Business Editors WILBRAHAM, Mass.--BUSINESS WIRE--Jan. 3, 2003 Mr. Blake is a significant shareholder of Friendly Ice Cream Corporation seeking to review Company records not ordinarily available to shareholders. The Company has offered Mr. Blake the opportunity to review the requested records provided that he does so in good...
Friendly Ice Cream Corporation Reports Strong First Quarter Results
- 2002-04-30
Business Editors WILBRAHAM, Mass.--BUSINESS WIRE--April 30, 2002 Friendly Ice Cream Corporation (AMEX: FRN) today reported operating income of $4.1 million for the first quarter of 2002, exclusive of non-recurring write-downs, gains and losses, as compared to $0.0 million in the first quarter of 2001. Comparable restaurant revenues increased...
Friendly Ice Cream Corporation Announces First Quarter Earnings Conference Call
- 2002-04-23
Business Editors WILBRAHAM, Mass.--BUSINESS WIRE--April 23, 2002 Friendly Ice Cream Corporation (AMEX:FRN) will hold its 2002 first quarter conference call on Wednesday, May, 1, 2002 at 10:00 a.m. Eastern Time. This call is being webcast by CCBN and can be accessed at the Company's website at www.friendlys.com...
Friendly Ice Cream Corporation Fourth Quarter Earnings Conference Call on the Internet
- 2002-02-08
Business Editors WILBRAHAM, Mass.--BUSINESS WIRE--Feb. 8, 2002 Friendly Ice Cream Corporation (AMEX: FRN) will hold its 2001 fourth quarter investor conference call on Friday, February 15, 2002 at 10:00 AM Eastern Time. The conference call will be broadcast live over the internet and will be hosted by John...
Friendly Ice Cream Corporation Third Quarter Earnings Conference Call on the Internet
- 2001-10-19
Business Editors WILBRAHAM, Mass.--BUSINESS WIRE--Oct. 19, 2001 Friendly Ice Cream Corporation (AMEX: FRN) will hold its 2001 third quarter investor conference call on Thursday, October 25, 2001 at 10:00 AM Eastern Time. The conference call will be broadcast live over the internet and will be hosted by John...
Friendly Ice Cream Corporation First Quarter Earnings Conference Call on the Internet
- 2001-04-30
Business Editors WILBRAHAM, Mass.--BUSINESS WIRE--April 30, 2001 Friendly Ice Cream Corporation (AMEX: FRN) will hold its 2001 first quarter investor conference call on Friday, May 4, 2001 at 9:00 AM Eastern Time. The conference call will be broadcast live over the internet and will be hosted by John...
Friendly Ice Cream Corporation Announces Appointment of Chief Financial Officer
- 2001-04-18
Business Editors WILBRAHAM, Mass.--BUSINESS WIRE--April 18, 2001 Friendly Ice Cream Corporation announces today that Mr. Paul V. Hoagland, will join the Company as Senior Vice President, Chief Financial Officer and Treasurer effective May 1, 2001. At Friendly's, Mr. Hoagland will be responsible for all financial aspects of the...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Ned R. Lidvall | President & CEO |
| Kenneth D. Green | Chief Operating Officer |
| Paul V. Hoagland | Cfo |
| John Bowie | Senior Vice President for Company Operations |
| Allan Okscin | Vice President |
| Andre Fuehr | Vice President, Research and Development |
| Florence A. Tassinari | Vice President and Controller Financial and Accounting Services Department |
| Garrett Ulrich | Vice President, Human Resources |
| George Weldon | Vice President, Marketing |
| James D Sullivan | Vice President, Franchise and Real Estate Developm |
| Kevin McNamara | Vice President, Operations Support Services |
| Pete Bell | Vice President, Marketing |
| Randall S. Guse | Vice President, Dev |
| Tim Hopkins | Vice President and General Manager, Retail |
| Bob Bender | Owner |
| Deborah Burns | Senior Director, Investor Relations |
| Hope McManus | Marketing Manager |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Burton J. Manning | Board of Directors |
| Donald N. Smith | Board of Directors |
| George M Condos | Board of Directors |
| Maura Tobias | Board of Directors |
| Michael J. Daly | Board of Directors |
| Perry D. Odak | Board of Directors |
| Steven L. Ezzes | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | President & CEO | Current |
Kenneth D. Green , 43, was appointed as our Senior Vice President, Restaurant Operations in October 2006. He served as our Vice President of Company Restaurant Operations from August 2004 to October 2006. He served as a Regional Director of our Restaurant Operations from April 2003 to August 2004. Prior to joining us, Mr. Green served as Vice President of Operations of Cosi, Inc. from April 2001 to April 2003 in New York City, NY, and previously had ten years experience in the T.G.I. Fridays restaurant systems.
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Chief Operating Officer | Current |
| Friendly Ice Cream Corporation | Senior Vice President, Operations | Current |
| Cosi Inc. | Vice President of Operations | Former |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Cfo | Current |
| Friendly Ice Cream Corporation | Executive Vice President of | Current |
| Friendly Ice Cream Corporation | Assistant Clerk | Former |
| Friendly Ice Cream Corporation | Treasurer | Former |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Senior Vice President for Company Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Vice President, Research and Development | Current |
Florence A. Tassinari, 43, has served as our Controller since May 2006. She served as our Assistant Controller from 1996 to May 2006. Ms. Tassinari is a certified public accountant.
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Vice President and Controller Financial and Accounting Services Department | Current |
Garrett J. Ulrich, 56, has served as our Vice President of Human Resources since September 1991. Prior to joining us, Mr. Ulrich served as the Vice President of Human Resources of Dun & Bradstreet Information Services, North America from 1988 to 1991. From 1978 to 1988, Mr. Ulrich held various human resource executive and managerial positions at Pepsi Cola Company, a division of PepsiCo.
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Vice President, Human Resources | Current |
| Pepsi-Cola | Human Resource Executive and Managerial Positions | Former |
| PepsiCo, Inc. | Former |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Vice President, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Vice President, Franchise and Real Estate Developm | Current |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Vice President, Operations Support Services | Current |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Vice President, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Vice President, Dev | Current |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Vice President and General Manager, Retail | Current |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Owner | Current |
| Friendly Ice Cream Corporation | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Senior Director, Investor Relations | Current |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Marketing Manager | Current |
Mr. Manning has been the Chairman Emeritus of J. Walter Thompson, Inc., an international advertising agency since January 1998. In addition to his service on our Board of Directors, Mr. Manning serves on the board of directors of Greenfield Online and a number of non-publicly traded companies.
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Board of Directors | Current |
| Greenfield Online, Inc. | Member | Current |
| Greenfield Online, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Board of Directors | Current |
| Friendly Ice Cream Corporation | CEO | Former |
| Friendly Ice Cream Corporation | President | Former |
| PepsiCo, Inc. | Senior Vice President | Former |
| Friendly Ice Cream Corporation | Chair of Board | Former |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Board of Directors | Current |
| Friendly Ice Cream Corporation | CEO | Current |
| International Dairy Queen, Inc. | Operational and Managerial Positions | Former |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Board of Directors | Current |
| Friendly Ice Cream Corporation | Manager, Public Affairs | Former |
Mr. Daly served as President and Chief Executive Officer of Baystate Health Systems from December 1981 until December 2003. He held the position of Vice Chairman of Baystate Health Systems through December 2005.
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Wild Oats Markets, Inc. | President & CEO | Current |
| Genstar Capital LLC | Operating Partner | Current |
| Wild Oats Markets, Inc. | Board of Directors | Current |
| Friendly Ice Cream Corporation | Board of Directors | Current |
| Graham Packaging Company, L.P. | CEO | Former |
| Atari, Inc. | President | Former |
| Genstar Capital LLC | Strategic Advisory Committee Member | Former |
| The State University of New York | Doctor of Science Degree | Former |
| Cornell University | bachelor degree in Applied Economics | Former |
| Organization | Position | Status |
|---|---|---|
| Friendly Ice Cream Corporation | Board of Directors | Current |
| Lehman Brothers Holdings Inc. | Managing Director | Former |
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