Papa John's Is Losing Its Papa

Papa John's Is Losing Its Papa

Papa John's Is Losing Its Papa

The founder and CEO of Papa John's Pizza, John Schattner, is stepping down from his position, the company announced on Thursday.

"With 120,000 Papa John's corporate and franchise employees, Steve will put the spotlight on our pizza and the most important ingredient - our team members", Schnatter said.

"The controversy is polarizing the customer, polarizing the country", Schnatter said during a conference call about the company's earnings on November 1. "We are disappointed the NFL and its leadership did not resolve this", referring to the USA national anthem protests.

"We're certainly disappointed that the National Football League and its leadership did not resolve the ongoing situation to the satisfaction of all parties long ago", Schnatter added.

"Leadership starts at the top and this is an example of poor leadership", Schnatter said, noting he thought the issue had been "nipped in the bud" a year and a half ago.

Schnatter will stay on with the company and act as chairman.

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Schnatter has now decided he would step down as CEO of Papa John's, effective immediately.

Ritchie, 43, began his career with the pizza chain in 1996 as a customer service representative and slowly worked his way up, eventually becoming a franchisee owner in 2006.

Do any of y'all even eat Papa John's? Same-store sales were actually in the green at 1 percent growth, year-over-year. He stepped down in 2005, but returned in 2008. He also added a co-CEO, Jude Thompson, in 2010 before ending the arrangement a year later.

"You've got to have free markets with limited government, with the proper amount of regulation where you don't jam entrepreneurship", Schnatter said.

For the good of Papa's shareholders, hopefully Ritchie can still deliver the dough.

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