The founding father of Papa John’s resigned from his place as chairman of the pizza chain’s board of administrators, simply hours after he apologized for utilizing a racial slur throughout an organization convention name earlier this 12 months.
The Louisville, Kentucky-based firm introduced late-Wednesday evening it had accepted John Schnatter’s resignation, saying it deliberate to interchange him within the coming weeks.
Schnatter, 56, additionally resigned from his place on the College of Louisville’s board of trustees, efficient instantly, in line with the college. He had served on the board for 2 years.
His resignations got here after Forbes reported that he used the N-word throughout a Could convention name whereas discussing the nationwide anthem protests within the NFL.
“Colonel Sanders known as blacks n——,” Schnatter mentioned, referring to Kentucky Fried Rooster founder Harland Sanders, in line with the Forbes report.
He additionally reportedly complained that Sanders by no means confronted public backlash for utilizing the slur.
Schnatter confirmed the allegations in a press release Wednesday and apologized for his use of “inappropriate and hurtful language.”
“News reviews attributing using inappropriate and hurtful language to me throughout a media coaching session concerning race are true,” he mentioned. “Whatever the context, I apologize. Merely said, racism has no place in our society.”
Schnatter stepped down from his position as CEO late final 12 months after saying NFL gamers ought to stand for the nationwide anthem and that their protests had damage the corporate’s gross sales.
Shares of Papa John’s, one of many nation’s largest pizza supply chains, fell about 5 % in premarket buying and selling Thursday within the wake of Schnatter’s resignation from the board.