ShareThis Page
Allegheny

Papa John's says founder John Schnatter has resigned as chairman of the board

| Wednesday, July 11, 2018, 6:54 p.m.
FILE - In this Wednesday, Oct. 18, 2017, file photo, Papa John's founder and CEO John Schnatter attends a meeting in Louisville, Ky. Schnatter is apologizing after reportedly using a racial slur during a conference call in May 2018. The apology Wednesday, July 11, 2018, comes after Forbes cited an anonymous source saying the pizza chain's marketing firm broke ties with the company afterward. (AP Photo/Timothy D. Easley, File)
FILE - In this Wednesday, Oct. 18, 2017, file photo, Papa John's founder and CEO John Schnatter attends a meeting in Louisville, Ky. Schnatter is apologizing after reportedly using a racial slur during a conference call in May 2018. The apology Wednesday, July 11, 2018, comes after Forbes cited an anonymous source saying the pizza chain's marketing firm broke ties with the company afterward. (AP Photo/Timothy D. Easley, File)

NEW YORK — Papa John’s founder John Schnatter has resigned as chairman of the board.

The company made the announcement late Wednesday, hours after Schnatter apologized for using a racial slur during a conference call in May.

Forbes said Schnatter used the N-word during a media training exercise. When asked how he would distance himself from racist groups, Schnatter reportedly complained that Colonel Sanders never faced a backlash for using the word.

In a statement released by Louisville, Ky.-based Papa John’s, Schnatter said reports attributing use of “inappropriate and hurtful” language to him were true.

“Regardless of the context, I apologize,” the statement says.

The University of Louisville also said Wednesday that Schnatter resigned from its board of trustees, effective immediately.

Schnatter stepped down as CEO last year after blaming slowing sales growth on the outcry surrounding football players kneeling during the national anthem. He remains chairman of the company he started when he turned a broom closet at his father’s bar into a pizza spot.

Papa John’s shares fell nearly 5 percent Wednesday after the report, closing at $48.33.

TribLIVE commenting policy

You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.

We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.

While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.

We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers

We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.

We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.

We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.

We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.

click me