Founder & CEO of Papa John's to resign

The founder & CEO of the pizza chain Papa John's, John Schnatter has reached an agreement with the company to resign from his position. The embattled pizza chain has agreed to cooperate with Schnatter to find a suitable independent director. The former CEO faced backlash for using racial slurs and commenting on the NFL's leadership in the past. Papa John's has since worked on re-imaging the brand to save face in the market, and improve its sales.