Papa John's name Kirtley as board chair
Papa John's has named Olivia F. Kirtley as chair, succeeding founder, John Schnatter, who resigned the position earlier this month in the midst of the negative fallout surrounding news of his statements during a May media training call. Kirtley was previously the board's lead independent director and was elected by a unanimous vote, a news release said.
The company's Corporate Governance and Nominating Committee of the Board has also begun a search for additional independent directors and intends to engage with Papa John's shareholders as part of this process.
"The independent directors of the Papa John's Board are committed to serving the best interests of the company, our shareholders and other stakeholders," Kirtley said in the release. "The establishment of the board's independent Special Committee and the ongoing cultural audit and investigation are among numerous steps underway to ensure that equity, inclusion, diversity and respect are upheld throughout the organization. ...
"The independent members of the Board and leadership will continue to engage with shareholders and other stakeholders to hear their perspectives and ideas, including on-board composition, so that these views can be considered in our work to move forward."
Kirtley, a certified public accountant, is a business consultant on strategic and corporate governance issues. Ms. Kirtley has served as the board's Lead Independent Director since 2017.
She was formerly CFO at what the release said was "a predecessor to the accounting firm Ernst & Young LLP." She is the immediate past president and board chair of the International Federation of Accountants. She has also served as chair of the American Institute of Certified Public Accountants and its Board of Examiners.