Papa John's says founder resigned as chairman of the board.July 12, 2018 4:56am

NEW YORK (AP) — 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, Kentucky-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.

Page 1 of 1

More Stories Like This

White St. Louis police chief candidate alleges biasThe former interim police chief in St. Louis who is white is alleging discrimination based on race or color in the selection of a permanent chief
People listen as former U.S. President Barack Obama, delivers his speech at the 16th Annual Nelson Mandela Lecture at the Wanderers Stadium in Johannesburg, South Africa, Tuesday, July 17, 2018. In his highest-profile speech since leaving office, Obama urged people around the world to respect human rights and other values under threat in an address marking the 100th anniversary of anti-apartheid leader Nelson Mandela's birth. (AP Photo/Themba Hadebe)
Obama delivers veiled rebuke to Trump in Mandela address
Former US President Barack Obama, centre, greets the Nelson Mandela's widow, Graca Machel, left, with President Cyril Ramaphosa at right, as he arrives at the Wanderers Stadium in Johannesburg, South Africa, Tuesday, July 17, 2018 to deliver the 16th Annual Nelson Mandela Lecture. Obama urged Africans and people around the world to respect human rights and equal opportunity in his speech to mark the late Nelson Mandela's 100th birthday. (AP Photo/Themba Hadebe)
The Latest: Obama notes politicians' 'utter loss of shame'
Manager: Asking Muslim kids to leave pool not discriminationA Delaware pool manager who asked Muslim children to leave a pool because of their clothing says her action was not discriminatory
Pregnant Disney dancer claims gender bias in lawsuitFormer aerial dancer at Walt Disney World sues resort, alleging she was fired after she became pregnant with twins and went on maternity leave
Netanyahu greets Hungary's Orban as 'true friend of Israel'Israel's Netanyahu calls visiting Hungarian PM 'true friend of Israel' despite Orban's remarks said to be anti-Semitic
AdChoices

Related Searches

Related Searches

AdChoices