Papa John's International Inc. appointed two independent directors — Michael Dubin and Jocelyn Mangan.
Dubin is the CEO and founder of Unilever PLC's subscription razor service Dollar Shave Club Inc., while Mangan is the CEO and founder of social enterprise Him For Her.
The pizza chain on March 5 reached a settlement agreement with its founder and largest shareholder, John Schnatter. Under the agreement, Schnatter agreed to step down from the board and the company agreed to cooperate with him to identify a mutually acceptable independent director.
As part of the agreement, Schnatter, who resigned as chairman in July 2018 after allegedly using a racial slur during a conference call, also agreed to dismiss the lawsuits he had filed against Papa John's.