Papa John's International, Inc. has announced that the independent directors of the company have accepted the resignation of John H. Schnatter as Chairman of the Board, according to the company's website.
The statement also said that the new chairman of the board of directors will be appointed "in the coming weeks."
Earlier, John Schnatter has publicly apologized for using the N-word during a conference, and also he has resigned from the University of Louisville board of trustees, the university announced.
Schnatter founded Papa John's pizzeria in 1984.
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