BC-US--Papa John's-Apolo, 0119
Contributed by NAMPA / Associated Press.
Papa John's says founder resigned as chairman of the board.<
AP Photo NYSB331-1018172007<
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NEW YORK (AP) - Papa John's founder John Schnatter has resigned as chairman of the board.
The company made the announcement late Wednesday, hours after Schnatter apologized for using a racial slur during a conference call in May. Schnatter, who has appeared in TV ads for the pizza chain, still owns about 30 percent of the company's shares.