TurnWorks Announces Departure of Steve DeSutter

TurnWorks, Inc. today announced the departure of Steve DeSutter as an officer. As announced earlier today, Mr. DeSutter is leaving to become an Executive Vice President of Susser Holdings Corporation, a convenience store operator headquartered in Corpus Christi, Texas.

We send Steve off with all our best wishes and Godspeed as he undertakes this new assignment, said Greg Brenneman, Chairman and Chief Executive of TurnWorks, Inc. and CEO of Quiznos. For the past eight years, Steve has worked in advisory and short-term operating positions at Quiznos, Burger King, PricewaterhouseCoopers Consulting and other companies where TurnWorks or TurnWorks principals have had leadership roles. He is a talented individual and will do a great job in his new role at Susser Holdings Corporation.

Separately, TurnWorks, Inc. wishes to announce its move to new larger offices at 24 Waterway, Suite 750 in The Woodlands, Texas effective July 1.

Based in The Woodlands, TurnWorks was founded in 1994 by Greg Brenneman as an investment company. The firm invests capital in and undertakes long-term assignments with companies with the goal of providing leadership, dramatically improving financial performance, delivering best-in-class products and services and creating an environment where employees like coming to work. Under this model, the Company has achieved significant success with Quiznos, Burger King, PricewaterhouseCoopers Consulting, Continental Airlines and others.

Contacts:

Coltrin & Associates
Steve Coltrin, 212-221-1616

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