The founder of Papa John's, John Schnatter, has resigned as board chairman following reports that he used the N-word on a conference call earlier this year.
What they're saying:In a statement, the fast food pizza company announced, "Papa John’s International, Inc. today announced that the independent directors of the company have accepted the resignation of John H. Schnatter as Chairman of the Board. Olivia Kirtley acts as the company’s Lead Independent Director. Papa John’s will appoint a new Chairman of the Board in the coming weeks."
