Former CEO, then chairman, John Schnatter is out at Papa John's. / <a href='https://www.facebook.com/papajohnsus/photos/a.10154080375862639.1073741918.34703237638/10155357243477639/?type=3&theater'>Papa John's</a> Former CEO, then chairman, John Schnatter is out at Papa John's. / <a href='https://www.facebook.com/papajohnsus/photos/a.10154080375862639.1073741918.34703237638/10155357243477639/?type=3&theater'>Papa John's</a>
Chains

Papa John’s Founder Out as Chairman After Latest Failure

Papa John’s International Inc.’s Chairman John Schnatter resigned, after coming under fire over controversial comments that battered the shares of the pizza chain he founded.

The independent directors of the company accepted the resignation of Schnatter, the company said in a statement late Wednesday. Olivia Kirtley will act as the company’s lead independent director, while Papa John’s will appoint a new chairman in the coming weeks, the statement said.

Just seven months after exiting the CEO role after making critical comments about the NFL’s national-anthem dispute, Schnatter came under fire following a media report that he used a racial slur and graphic descriptions of violence against minorities on a May conference call with a media agency.

Schnatter admitted to using an offensive racial term during the call and apologized, according to a separate statement earlier Wednesday.

“News reports attributing the use of inappropriate and hurtful language to me during a media training session regarding race are true,” Schnatter said in the statement. “Regardless of the context, I apologize. Simply stated, racism has no place in our society.”

 

©2018 Bloomberg L.P.

This article was written by Jeff Sutherland from Bloomberg and was legally licensed through the NewsCred publisher network. Please direct all licensing questions to legal@newscred.com.

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