Restaurants

Wasabi founder to take step back from business

Whilst Kim will no longer play an executive role in the company, he will remain a minority shareholder and director in Wasabi

Wasabi has announced that Dong Hyun Kim, who founded the business in 2003, will be stepping away from the business.

Whilst Kim will no longer play an executive role in the company, he will remain a minority shareholder and director in Wasabi.

Following the investment by Capdesia in May 2019 and the subsequent appointment of Henry Birts as CEO in November 2019, Kim took a step back from day-to-day involvement in the business.

Since then he has started two new restaurant concepts (Pelicana and Kineya), which he intends to expand across London and the UK.

Birts said: “On behalf of the entire company and its shareholders, we would like to congratulate Mr Kim personally for everything that he has achieved in his extraordinary career and thank him for the immense contribution he has made to building Wasabi over so many years.

“With a strong and experienced leadership team in place and the steadfast backing of our investors, we are now well placed to take Wasabi on the next phase of its journey. We will do so always honouring the essence of Mr Kim’s creation and his personal legacy.”

He added: “We wish him the very best in his future endeavours and are sure he will be hugely successful with his new ventures.”

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