Former Democratic National Committee (DNC) spokesman Adam Hodge said on Thursday that the founder of Papa John's, John Schnatter, who resigned for using a racial slur during a conference call, should have been fired months ago.
Schnatter came under fire in May, accused of using the racial slur in a conference call in which he went into graphic detail describing violence against minorities.
In the wake of Papa John's founder John Schnatter stepping down as company chairman and University of Louisville Board of Trustees member, some are wondering with the University of Kentucky will also cut ties.
"Regardless of the context, I apologize", the statement said.
And the gym at the university, for which he gave nearly a million dollars, will be stripped of his name.
Papa John's and Laundry Service did not immediately respond to Newsweek's request for comment.
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The FBI and the Las Vegas Metropolitan Police Department have not determined Paddock's motive and are still investigating. Lawsuits have been filed by victims' groups against both MGM and concert promoter Live Nation .
Papa John's founder John Schnatter arrives at the American Music Awards in Los Angeles in 2011.
The company said Olivia Kirtley will take over as "lead independent director" and the company will appoint a new chairman "in the coming weeks".
Papa John's stock dropped almost 5 percent by the close of the stock market Wednesday, the lowest it's been in almost two years. So the school can't simply keep the name in place and say it's no big deal because Schnatter is no longer associated with the company that has his name.
Following the incident, Papa John's International Inc. shares plummeted.
Papa John's had been an official sponsor of the National Football League.
The call, which took place in May, was meant as a role-playing exercise to help Schnatter avoid future public relations messes like the one a year ago when he blamed the NFL's national anthem kneeling controversy for declining pizza sales.
Schnatter founded Papa John's in 1984 and grew the company into a delivery behemoth with more than 3,400 locations in North America. "'Colonel Sanders called blacks n--s, ' Schnatter allegedly said, before complaining that Sanders never faced public backlash".