Kona Grill Appoints New CEO

Kona Grill has appointed Berke Bakay as president and CEO. Bakay succeeds Mike Nahkunst, who is leaving the company for personal reasons.

"Berke Bakay is the right person to lead Kona Grill at this time," says James R. Jundt, chairman of the board of directors.

"He has been a very active and positive influence to the company as a director and we think that as the largest shareholder, he is exceptionally motivated to see Kona succeed."

Bakay has served as a director of Kona Grill since October 2009 and serves as investment manager to BBS Capital Fund, L.P, Kona Grill's largest shareholder.

"On behalf of the board of directors and our entire organization, I want to thank Mike for his efforts and contribution to Kona Grill," Jundt notes.

"Mike came to Kona in November of 2010 as a member of our board and has played a valuable role in our recent successes."

Bakay comments: "I am looking forward to working with Kona's experienced management team and unit managers to continue building upon our very positive trends."

Kona Grill owns and operates 23 restaurants. Restaurants are currently located in 16 states.

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