Schnatter acknowledged using the slur on Wednesday and announced plans to step down from the company.
Schnatter, Founder, Chairman & CEO of Papa John's International, Inc. rings the NASDAQ Opening Bell at NASDAQ MarketSite on January 31, 2014 in New York City. Schnatter apologized and said he would resign as chairman.
Schnatter later apologized for the remark, which was made during a media training exercise after he was asked how he would distance himself from racist groups. Incredibly, the National Football League was ahead of the curve on this one, cutting ties with Papa John's back in February, months before Schnatter finally showed his ass - which will, done literally, get you booted from a Papa John's outlet, while, done figuratively, will get you booted from the boardroom.
Schnatter - always been the face of Papa John's brand - is still the company's largest shareholder and remains on its board, but top executives plan on removing his image from marketing materials following the latest controversy.
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"The Marlins are committed to an inclusive environment for all of our fans", the Marlins said in their brief statement announcing the suspension of Papa John's-related activities.
Earlier Friday, the University of Louisville has renamed Papa John's Cardinal Stadium "Cardinal Stadium".
"We are glad that at a national level, Papa John's took swift action to deal with the issue", said the Arizona Diamondbacks, according to ABC15. He had stepped down as CEO previous year after blaming disappointing pizza delivery sales on the outcry surrounding football players kneeling during the national anthem.
The face of Papa John's is being sliced out of its ads.
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After Forbes broke the story, Schnatter's name was swiftly removed from Nachand Fieldhouse in Jeffersonville, Ind., and a spokesperson with Papa John's confirmed to Insider Louisville Friday morning that the company is in the process of pulling Schnatter's image from its marketing and advertising.
Schnatter, who served as Papa John's CEO until January, has been prominently featured in the chain's television commercials and print advertisements for years.
Papa John's latest controversy has begun to cost the brand relationships with baseball teams across the majors. He is also the company's biggest shareholder, with 30 percent of the stock. Today, it has more than 3,400 locations in North America.
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