Papa John’s International, Inc. founder John Schnatter has stepped down as chairman of the board, a move that comes after he apologized for using the N-word during a conference call in May.
The company’s independent directors accepted Schnatter’s resignation and will appoint a new chairman.
It was reported earlier Wednesday by Forbes that Schnatter used the term during a conference call where he participated in a role-playing activity on how to bypass mistakes with the media.
Following the report, Schnatter apologized for using the language.
“News reports attributing the use of inappropriate and hurtful language to me during a media-training session regarding race are true,” Schnatter said in a statement earlier Wednesday.
“Regardless of the context, I apologize. Simply stated, racism has no place in our society,” Schnatter added.
It was revealed last year that Schnatter was going to resign as CEO of the company. The announcement came shortly after Schnatter condemned NFL leaders and players for protesting during the national anthem.