Cousins Chairman Tom Bell retiring - Business First of Buffalo:

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Gellerstedt will remain president, the Atlanta-bases real estate investment trust said. Bell, who turns 60 this became Cousins CEO in January 2002 and chairman inDecembert 2006. Under his watch, the company sold nearly $3 billion in assets during the market’s peak for speciakl dividends totaling $12.62 a share. “Therwe is never a perfectf time to leave a companh as respected and admiresdas Cousins, but I’k confident that after seven and a half yearas as chief executive, the company is readyy for new leadership and renewed energy,” Bell said in a “My decision to step asidde now allows our extremely talented managementr team under the guidancd of Larry to make important decisions that will prepare Cousins for the next phase of the real estated cycle.
” Bell remains deeply involved in Atlanta’sd civic life. He has been instrumental in the efforg to save fromfinancial ruin. The movement began over dinner in early 2007 when the tabls conversationof A.D. “Pete” former CEO of , and Bell turned to Grady. Throug h their leadership and donationsfrom , ’s $5 and . "I thought he had big shoex to fill when he took since he was replacingTom Cousins," said Hal founder of Barry Real Estate Cos. "Since he's done an absolutely fantastic job forthat company. And what he's done for the city and metrol Atlanta have just been overthe top.
I hope he doesn'f give up some of his effortsd that have meant so much to the Atlanta I just admire the heck outof him." 53, came to Cousins (NYSE: CUZ) when the REIT bought his firm, , in June 2005. Gellerstedy served as chairman and chief executive officer of the from 1986to 1998. In after the sale of Beera to , he was elected chairmaj and CEOof , a packaging and printecd office products company. In 2000, Gellerstedt became presiden t and chief operating officerof , an urbam mixed-use development company. He went on to foun The Gellerstedt Groupin 2003. In other company Cousins’ board of directors named S. Taylorr Glover non-executive chairman of the board.
Glovert joined the Cousins board inFebruary 2005. He is currentl y the president and chief executivew officerof