Special Committee of Papa John’s Board Announces Appointment of Akin Gump to Oversee Cultural Audit & Investigation of the ...
July 17 2018 - 7:47PM
Business Wire
Papa John’s International, Inc. (NASDAQ: PZZA) today announced
that a special committee consisting of all independent directors of
the board has appointed the international law firm of Akin Gump
Strauss Hauer & Feld LLP to oversee an audit and investigation
of the company. As previously announced, the audit and
investigation will examine all of the existing processes, policies
and systems related to diversity and inclusion, supplier and vendor
engagement and Papa John’s culture.
The Akin Gump team, which will be led by partners Douglass
Maynard and Estela Diaz, will retain and manage additional experts
and consultants in this process.
“We’re focused on creating the right future for Papa John’s,”
said Olivia Kirtley, lead independent director of the board and a
member of the special committee. “The special committee of the
board is committed to this thorough audit and investigation and to
taking deliberate actions to rebuild trust at Papa John’s and to
ensure that this company is driven by the values of diversity,
equity, inclusion and respect.”
The members of the special committee are all outside directors
who serve on Papa John’s board, and no current or former employees
of Papa John’s, including those who are on the board, will serve on
the special committee.
About Papa John’s
Headquartered in Louisville, Kentucky, Papa John's
International, Inc. (NASDAQ: PZZA) is the world's third-largest
pizza delivery company. In 2018, consumers rated Papa John’s No. 1
in product and service quality among national pizza chains in the
American Customer Satisfaction Index (ACSI). For 17 of the past 19
years, consumers have rated Papa John's No. 1 in customer
satisfaction among national pizza chains in the American Customer
Satisfaction Index (ACSI). For more information about the company
or to order pizza online, visit Papa John's
at www.papajohns.com.
Forward-Looking Statements
Certain matters discussed in this press release and other
company communications constitute forward-looking statements within
the meaning of the federal securities laws. Generally, the use of
words such as "expect," "intend," "estimate," "believe,"
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differ materially from those matters expressed or implied in such
forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20180717006056/en/
Papa John’s International, Inc.Investor Contact:Joe
Smith, 502-261-4593Chief Financial OfficerorMedia
Contact:Peter Collins, 502-261-4233Senior Director, Public
RelationsPeter_Collins@papajohns.com
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