Papa John’s founder John Schnatter on his resignation
Papa John’s founder and former CEO John Schnatter on his resignation from the company, the company’s past relationship with the NFL, the fallout his use of a racial slur on a conference call and the culture at the company.
John Schnatter is worth a lot of dough.
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The 58-year-old entrepreneur founded Papa John’s in 1984 in Jeffersonville, Indiana.
Since then, the international chain restaurant has become the third-largest pizza company in the U.S., according to Forbes. The Papa John’s website says it has 5,000 locations in 45 countries.
Schnatter served as the face of the Papa John’s brand through a series of television commercials, some of which featured NFL quarterback Peyton Manning.
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Schnatter led Papa John’s as the CEO until the end of 2017 when he stepped down from the role after he criticized the NFL for how it handled the national anthem protests.
He stayed on as the company’s chairman of the board until July 2018 when he resigned after he used a racial slur during a conference call.
In September last year, Schnatter told FOX Business’s Maria Bartiromo that he actually retired by choice and he wasn’t forced out.