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Published on: 9/28/2006
Last Visited: 4/6/2007
Donald N. Smith, who has served as Chairman since 2003, is assuming oversight responsibilities on a temporary basis as a search is conducted for a replacement.
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"The Board and I appreciate John's many contributions to the company and wish him well," Smith said.
Smith has been Chairman of Friendly's Board since September 1988.He served as Chief Executive Officer of Friendly's from September 1988 to February 2003, and as Friendly's President from September 1988 to December 1998.From 1986 to 2005, Mr. Smith served as Chairman of the Board and Chief Executive Officer of The Restaurant Company (TRC), which owns and franchises a chain of mid-scale restaurants under the name Perkins Restaurant and Bakery.He also served as TRC's Chief Operating Officer from 1998 to March 2004.
"I accepted the Board's request to take an oversight role over Friendly's operations temporarily while a search for a new President and Chief Executive Officer is carried out," Smith said."We all recognize the importance of moving quickly to fill those roles."
"In the meantime, Friendly's remains committed to providing quality service and products to all of our customers, and I know we can count on the continuing diligence and professionalism of all of our employees," Smith concluded.