Friendly’s CEO Resigns; Largest Shareholder Requests Seats06/29/2016 Tagged With: Biglari, Finance, Friendly, FRN, fund, investing, Investment, Lion, market, stock, stocks, WSZLOn September 28th, Friendly Ice Cream Corp. (FRN), announced CEO John L. Cutter had resigned. It was not immediately clear whether Mr. Cutter had been forced out.