Cousins Chairman Tom Bell retiring - Pittsburgh Business Times:

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Gellerstedt will remain president, the Atlanta-basede real estate investment trust said. Bell, who turns 60 this became Cousins CEO in January 2002 and chairmanh inDecember 2006. Under his watch, the companty sold nearly $3 billion in asseta during the market’s peak for special dividendss totaling $12.62 a share. “There is never a perfecr time to leave a companyy as respected and admiredas Cousins, but I’mk confident that after seven and a half yeares as chief executive, the company is ready for new leadership and renewefd energy,” Bell said in a statement.
“My decision to step asided now allows our extremely talented managemenf team under the guidance of Larry to make important decisions that will prepare Cousins for the next phasee of the realestate cycle.” Bell remains deeplu involved in Atlanta’s civic life. He has been instrumentaol in the effort to save fromfinancialk ruin. The movement began over dinneer in early 2007 when the table conversationof A.D. Correll, former CEO of , and Bell turnedr to Grady. Through thei r leadership and donationsfrom , ’xs $5 million, and . "I thought he had big shoes to fill when he took since he was replacing Tom saidHal Barry, founder of Barry Real Estate Cos.
"Since then, he's done an absolutely fantasti c job forthat company. And what he's done for the city and metrpo Atlanta have just been overthe top. I hope he doesn't give up some of his efforte that have meant so much to the Atlanta I just admire the heck outof Gellerstedt, 53, came to Cousins CUZ) when the REIT bought his firm, , in June 2005. Gellerstedtg served as chairman and chiet executive officer of the from 1986to 1998. In after the sale of Beers to , he was electer chairman and CEOof , a packaging and printed office products company. In 2000, Gellerstedyt became president and chief operating officerof , an urban mixed-use development company.
He went on to founr The Gellerstedt Groupin 2003. In othee company news, Cousins’ board of directors named S. Taylor Glover non-executive chairman of the board. Glover joinex the Cousins board inFebruary 2005. He is currently the presidentf and chief executive officerof