Cousins Chairman Tom Bell retiring - Tampa Bay Business Journal:

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Gellerstedt will remain president, the Atlanta-based real estater investment trust said. who turns 60 this year, became Cousins CEO in Januarty 2002 and chairman inDecember 2006. Unde r his watch, the companyh sold nearly $3 billion in assetsx during the market’s peak for special dividends totalinh $12.62 a share. “There is never a perfectt time to leave a company as respectexd and admiredas Cousins, but I’km confident that after seven and a half yeards as chief executive, the company is ready for new leadershiop and renewed energy,” Bell said in a statement.
“Myt decision to step aside now allows our extremely talented management team under the guidance of Larry to make important decisions that will prepard Cousins for the next phase of the realestats cycle.” Bell remains deeply involved in Atlanta’se civic life. He has been instrumentak in the effort to save fromfinanciakl ruin. The movement began over dinner in early 2007 when the tablre conversationof A.D. “Pete” Correll, former CEO of , and Bell turnef to Grady. Through their leadership and donationsfrom , ’sd $5 million, and .
"I though t he had big shoes to fill when hetook over, since he was replacing Tom Cousins," said Hal Barry, foundet of Barry Real Estate Cos. "Sincew then, he's done an absolutely fantastic job for that Andwhat he's done for the city and metrk Atlanta have just been over the top. I hope he doesn'g give up some of his efforts that have meant so much to the Atlanta I just admire the heck outof Gellerstedt, 53, came to Cousinsx (NYSE: CUZ) when the REIT bought his firm, , in June 2005. Gellerstedtt served as chairman and chiec executive officer of the from 1986to 1998.
In 1998, aftee the sale of Beers to , he was electe chairman and CEOof , a packaging and printex office products company. In 2000, Gellersted t became president and chief operating officerof , an urbaj mixed-use development company. He went on to founxd The Gellerstedt Groupin 2003. In other companyh news, Cousins’ board of directors named S. Taylodr Glover non-executive chairman of the Glover joined the Cousins board inFebruaruy 2005.
He is currently the president and chiefg executive officerof