Papa John’s founder John Schnatter has resigned as chairman of the board.
The corporate made the announcement past due Wednesday, hours after Schnatter apologized for the use of a racial slur all the way through a convention name in Might.
Forbes mentioned Schnatter used the N-word all the way through a media coaching workout. When requested how he would distance himself from racist teams, Schnatter reportedly complained that Colonel Sanders by no means confronted a backlash for the use of the be aware.
In a commentary launched via Louisville, Kentucky-based Papa John’s, Schnatter mentioned stories attributing use of “irrelevant and hurtful” language to him have been true.
“Without reference to the context, I say sorry,” the commentary says.
The College of Louisville additionally mentioned Wednesday that Schnatter resigned from its board of trustees, efficient straight away.
Schnatter stepped down as CEO final 12 months after blaming slowing gross sales enlargement at the outcry surrounding avid gamers kneeling all the way through the nationwide anthem. He stays chairman of the corporate he began when he became a brush closet at his father’s bar right into a pizza spot.
Papa John’s stocks fell just about five p.c Wednesday after the file, remaining at $48.33.