NEW YORK (AP) — The chief operating officer of Panera Bread Co., John Maguire, plans to resign to become CEO of the restaurant chain Friendly's Ice Cream LLC.
Friendly's emerged from Chapter 11 bankruptcy proceedings in January after filing for protection from its creditors' claims in October. Its CEO, Harsha Agadi, announced in February that he was stepping down from the post after 18 months on the job, citing personal commitments but would stay on Friendly's board. Agadi was known as a restaurant turnaround specialist.
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