Papa John's chairman John Schnatter resigns

Papa John's chairman John Schnatter resigns

Pizza chain Papa John's International Inc said on Wednesday its founder and former chief executive, John Schnatter, resigned as chairman of its board.

FILE PHOTO: John Schnatter, founder and CEO of Papa John's Pizza, arrives at the 2011 American
FILE PHOTO: John Schnatter (R), founder and chief executive of Papa John's Pizza, arrives at the 2011 American Music Awards in Los Angeles November 20, 2011. REUTERS/Danny Moloshok/File Photo

REUTERS: Pizza chain Papa John's International Inc said on Wednesday its founder and former chief executive, John Schnatter, resigned as chairman of its board.

The company said Olivia Kirtley would act as lead independent director, and added it would appoint a new chairman in the coming weeks.

The resignation comes after Forbes reported that Schnatter used a racial slur on a conference call.

(Reporting by Philip George in Bengaluru; Editing by Gopakumar Warrier)

Source: Reuters

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