Schnatter takes on reduced role

LOUISVILLE Ky. The board of directors of Papa John's International has approved a request from founder and longtime chairman John Schnatter to change his status to "non-employee" and founder chairman. It was unclear how his duties as chairman would change as a result of the new designation.

Schnatter offered to serve without cash compensation, but would be compensated through stock-option grants.

The change in designation follows Schnatter's announc