"I have truly enjoyed the high-quality Papa John's product for years and am excited to be able to help Papa John's raise their game to new heights", O'Neal said in a statement, per The Louisville Courier-Journal.
For Shaq, a beloved sports analyst, this new deal will fit nicely in his robust investment portfolio.
The former Los Angeles Laker and Boston Celtic will have to put his experience as a Krispy Kreme Doughnuts and Five Guys Burgers franchise owner into action to clean up some ugly optics, though. The former National Basketball Association star has also entered into a marketing agreement with the company and has agreed to pitch the brand.
The board members didn't directly answer if the new face on the pizza boxes would belong to Shaq.
"Shaquille has an excellent entrepreneurial background, including as a restaurant franchise owner, and is a natural creative marketer", stated Jeff Smith, Chairman of the Papa John's Board of Directors.
U.S. service members killed in Afghanistan
Despite the talks, Afghanistan is suffering from crippling violence, with a record number of civilian casualties a year ago . The Taliban have consistently refused to talk with the government in Kabul , describing it as a US puppet.
Papa John's will own about 70 per cent of the Atlanta joint venture, with O'Neal holding the rest.
"The addition of Shaquille on the board, I think is really going to highlight what we need to do from a marketing standpoint to get those sales moving", CEO Steve Ritchie said on CNBC's "Squawk on the Street". "I look forward to working with him as a board member and brand partner to advance the many initiatives we are pursuing across the organization to create even greater success for Papa John's and our stakeholders".
A followup investigative report from Forbes in 2018 alleged more misconduct, accusing Schnatter of fostering a "bro" culture at Papa John's, where women were often the target of sexual harassment.
"Everyone loves pizza and pizza loves everyone", O'Neal said.
In March, the company said Schnatter was leaving the board as part of a settlement resolving the bitter dispute and would find a mutually acceptable independent director who would not be affiliated with Schnatter or hedge fund investor Starboard. He will also become a brand ambassador for Papa John's and appear in its marketing campaigns.