Schnatter, Papa John's founder, named interim c.e.o.

by Eric Schroeder
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LOUISVILLE, KY. — The board of directors of Papa John’s International, Inc. has named John H. Schnatter, the company’s founder and chairman, as interim chief executive officer, effective immediately. Mr. Schnatter succeeds Nigel Travis, who had been president and c.e.o. since 2005 but is leaving the company to pursue another opportunity at the end of the year.

The company said it has formed a committee to search for a permanent c.e.o.

"We are pleased that John has once again agreed to lead the company, albeit on an interim basis, until we can identify a permanent replacement," said Norborne P. Cole, Jr., Papa John’s lead director. "John is a proven business leader with broad management experience, an unparalleled understanding of this business and valuable relationships with franchisees throughout the Papa John’s system."

Mr. Schnatter created the Papa John's concept and founded the Company in 1985. He currently is chairman of the board and was executive chairman from 2005 until May 2007, chairman and c.e.o. from 1990 until 2005 and president from 1985 to 1990 and from 2001 until 2005.

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