John Schnatter Net Worth 2018: How Much Is Papa Johns Founder Worth?

Weeks After Criticizing NFL Protests, Papa John's Founder Will Step Down As CEO

Papa John's founder John Schnatter took plenty of heat for his comments about the NFL's handling of anthem protests.

Papa John's CEO is papa gone.

"The NFL has hurt Papa John's shareholders", said Papa John's Founder "Papa" John Schnatter during a November 1 conference call to investors. "This should've been nipped in the bud a year-and-a-half ago".

"I am so proud of Steve", Schnatter said in a company statement announcing the change.

He also said that sales had declined because of the protests.

Ritchie told the Wall Street Journal that he was poised to eventually replace Schnatter when he was named company president in 2015.

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Schnatter will officially step down from his position as CEO effective January 1, 2018.

And in the wake of his remarks - for which the company tried to apologize almost two weeks later - the white supremacist website Daily Stormer floated the idea that Papa John's was the "official pizza of the alt-right".

On Nov. 14, the company sent out an I'm-sorry tweet: "The statements made on our earnings call were describing the factors that impact our business and we sincerely apologize to anyone that thought they were divisive". He stepped down in 2005, but returned in 2008.

In his 2017 book "Papa: The Story of Papa John's Pizza", Schnatter argued that regulations are steering the United States away from the system of free enterprise he believes is crucial to the nation's success. Schnatter announced his decision when the market closed. At Papa John's, any opportunity is achievable if you dedicate yourself to putting your best foot forward every day.

In the role, Papa John's said, Ritchie will lead the chain's global development and facilitate brand's marketing, digital, and customer experience evolution.

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