Many reports speculate that the decision for the founder to step down was due to his very unpopular NFL protest comments.
CNBC reports that Papa John’s founder John Schnatter will step down as CEO next month.
He will still hold his chairman position, however, will be replaced as chief executive by Chief Operating Officer Steve Ritchie on Jan. 1.
As reported Schnatter blamed the NFL protest on his weak sales this year, which he got dragged for. Since then sales have been worst despite its sponsorship with the NFL.
The pizza company denied that the decision was based on Schnatter’s comments but we will let you make that conclusion on your own.
Source: CNBC
