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

Judge: Jewish heritage can be basis for race discriminationA federal magistrate judge says a football coach should be allowed to pursue his legal claim that a private Baptist college in Louisiana racially discriminated against him because of his Jewish heritage
Obama to make rare high-profile speech on Mandela's legacyObama to make rare high-profile speech on Mandela's legacy as rights 'are under threat'
California man gets home detention in Maxine Waters threatA Los Angeles man who threatened to kill Democratic Rep. Maxine Waters in a profanity-laced voicemail has been sentenced to six months of home detention
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
South African white enclave tests e-currency to stand apartSouth African white enclave, a holdover from apartheid, tests e-currency in bid to stand apart
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'
AdChoices

Related Searches

Related Searches

AdChoices