Published: Thu, July 12, 2018
People | By Neil Grant

Papa John’s founder resigns as chairman

Papa John’s founder resigns as chairman

The company said that its independent directors had accepted Mr. Schnatter's resignation and would appoint a new chairman in the coming weeks.

"Regardless of the context, I apologize", he said, according to CNBC. "Simply stated, racism has no place in our society", he said. "No member of the board of trustees condones racism or insensitive language regardless of the setting".

Mike Moore, the mayor of John Schnatter's hometown, announced news that a gym center in the town would no longer bear the Papa John's founder's name. Schnatter hired the agency after he criticized NFL players kneeling during the national anthem to protest police brutality against black people a year ago The fallout resulted in Schnatter resigning from his role as CEO in December.

"Colonel Sanders called blacks n--s", he said, complaining that Sanders had never received backlash, according to Forbes. Schnatter was asked how he would distance himself from racist groups online.

The Papa John's chairman also spoke in graphic terms about the lynching of African Americans in IN, where he grew up. The marketing agency eventually terminated their contract with Papa John's.

"We believe in the right to protest inequality and support the players' movement to create a new platform for change", the company, which had a sponsorship with the National Football League said in a statement in November.

Schnatter said the actual word on the call, ESPN confirmed.

He reportedly made additional comments about his life in IN, where, he claimed people used to drag Black folks from trucks until they died.

The source added that although Schnatter intended for his remarks to show his stance against racism, multiple people found it objectionable.

Although Schnatter apologized, the Trump supporting, anti-Obama pizza man was dragged on Twitter.

Papa John's and Laundry Service did not immediately respond to Newsweek's request for comment.

Papa John's stock dropped almost 5 percent by the close of the stock market Wednesday, the lowest it's been in almost two years. He started the company when he turned a broom closet at his father's bar into a pizza spot.

Following the incident, Laundry Service said it held a call with the client's chief executive officer to discuss winding down the media agency's work with the company.

Despite his apology, CNBC reported that Papa John's stocks took a tumble and slid 5.9 percent after the news.

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