Despite Schnatter having issuing a clarification and apology for the comments, his dismissal means the storm came full circle ― no matter how you slice it. The company is a large sponsor for the NFL.
The founder of Papa John's, John Schnatter, on Thursday announced plans to step down. "We are disappointed the National Football League and its leadership did not resolve this".
"This should have been nipped in the bud a year and a half ago", Schnatter said on a conference call with investors. "The statements made on our earnings call were describing the factors that impact our business and we sincerely apologize to anyone that thought they were divisive", the company tweeted.
Schnatter will stay on with the company and act as chairman. The company later became a huge success with Schnatter also turning into a pop culture staple for his commercials.More news: Bitcoin derivatives makes smooth debut on CME
Do any of y'all even eat Papa John's? The company generates approximately $1.4 billion in revenue per year.
Steve Ritchie will replace Schnatter effective January 1, 2018. "We do not want these individuals or groups to buy our pizza", the company said in their November 5 statement. Schnatter announced his decision when the market closed.
This is not the first time that Schnatter has stepped down as CEO.
Papa John's controversial CEO and founder is stepping down. He took a break from being CEO between 2005 and 2008.
"I am so proud of Steve-he has excelled at every job he's ever held at Papa John's-from being an hourly customer service rep, to a delivery driver, store general manager, director of operations, franchisee and most recently President", Schnatter said in a statement.