Friendly Ice Cream Corporation (AMEX: FRN) said yesterday that Paul Kelley has resigned from his position as Senior Vice President and Chief Financial Officer. "Paul Kelley has been a valuable member of senior management for the past year and was instrumental in reorganizing the financial department, building a strong team that will continue to manage the day-to-day financial affairs of the Company," said Donald N. Smith, Friendly Ice Cream Corporation's Chairman and Chief Executive Officer.