Business

Under Fire For Racial Slur, Papa John's Pizza Founder John Schnatter Resigns

JAVED SAIFI | 0
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| July 12 , 2018 , 13:22 IST

Papa John's Pizza founder John Schnatter has resigned on Wednesday as the company’s Chairman for using of a racial slur during a conference call in May.

The company has accepted the Schnatter's resignation and said they will appoint a new Chairman in coming weeks.

Schnatter had apologized on Wednesday for using the N-word during a conference call between Papa John's executives and marketing agency Laundry Service.

As per reports, during the call Schnatter was asked how he would distance himself from a racist group. He said, “Colonel Sanders called blacks n-----s.”

Schnatter said, “News reports attributing the use of inappropriate and hurtful language to me during a media training session regarding race are true. Regardless of the context, I apologize. Simply stated, racism has no place in our society.”

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Schnatter founded Papa John's in 1984 and has been a public face of the company with a 29 percent share in the company.

Papa John's is an American restaurant franchise company and one of the third largest pizza chain company in the United States of America. Papa John's is said to be a top Pizza maker after Domino's and Pizza Hut. Papa John's stock closed at minus 4.8 percent on Wednesday.