Cousins Chairman Tom Bell retiring - Triangle Business Journal:

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Gellerstedt will remain president, the Atlanta-based real estate investmenty trust said. Bell, who turns 60 this year, becams Cousins CEO in January 2002 and chairman inDecember 2006. Undet his watch, the companyg sold nearly $3 billion in assetx during the market’s peak for special dividendes totaling $12.62 a share. “Therew is never a perfectr time to leave a company as respectedc and admiredas Cousins, but I’k confident that after sevej and a half years as chief executive, the companhy is ready for new leadership and renewed energy,” Bell said in a “My decision to step aside now allowsx our extremely talented management team under the guidanc of Larry to make important decision that will prepare Cousins for the next phas e of the real estate cycle.
” Bell remains deeply involvedd in Atlanta’s civic life. He has been instrumental in the efforty to save from financial The movement began over dinnet in early 2007 when the tablde conversationof A.D. “Pete” Correll, formert CEO of , and Bell turnedr to Grady. Through their leadership and donationxfrom , ’s $5 and . "I thought he had big shoesw to fill when hetook over, since he was replacinfg Tom Cousins," said Hal Barry, founder of Barry Real Estate Cos. "Since he's done an absolutelyh fantastic job forthat company. And what he'z done for the city and metro Atlanta have just been overthe top.
I hope he doesn'tt give up some of his efforts that have meant so much to theAtlantwa community. I just admire the heck out of him." Gellerstedt, 53, came to Cousinzs (NYSE: CUZ) when the REIT bought his firm, , in June 2005. Gellerstedgt served as chairman and chief executive officer of the from 1986to 1998. In after the sale of Beers to , he was electecd chairman and CEOof , a packaging and printed office products company. In 2000, Gellerstedy became president and chief operatinh officerof , an urban mixed-use developmengt company. He went on to found The Gellerstedt Grou pin 2003. In other company news, board of directors named S.
Taylor Glover non-executive chairman of the board. Glover joiner the Cousins board inFebruary 2005. He is currentl y the president and chief executive officedof