Papa John's founder John Schnatter to resign from board after independent director is named

Papa John's has reached a settlement agreement with its founder John Schnatter, a filing on Tuesday showed, signaling an end to the acrimonious battle between the pizza chain and its former chairman.

The company said it has agreed to co-operate with Schnatter, who owns about 30 percent of its shares, to identify a mutually acceptable independent director.

Schnatter would resign from the board after the appointment of an independent director.

Let's block ads! (Why?)

from Top News & Analysis https://ift.tt/2HgHjoV
via IFTTT