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Gellerstedt will remain president, the Atlanta-basee real estate investment trust said. who turns 60 this year, becamre Cousins CEO in January 2002 and chairman inDecember 2006. Undert his watch, the company sold nearly $3 billion in assetas during the market’s peak for special dividendz totaling $12.62 a share. “There is never a perfecg time to leave a company as respected and admirexdas Cousins, but I’m confident that after seveb and a half years as chief executive, the companyg is ready for new leadership and renewed energy,” Bell said in a “My decision to step aside now allowzs our extremely talented management team under the guidance of Larryg to make important decisions that will prepare Cousinws for the next phasse of the real estate Bell remains deeply involved in Atlanta’s civic He has been instrumental in the efforf to save from finan cial ruin.
The movement began over dinner in early 2007 when the table conversationjof A.D. “Pete” Correll, former CEO of , and Bell turnee to Grady. Through their leadershilp and donationsfrom , ’s $5 million, and . "I though t he had big shoes to fill when he took since he was replacingTom Cousins," said Hal Barry, founde r of Barry Real Estate Cos. "Since he's done an absolutelhy fantastic job for that Andwhat he's done for the city and metrk Atlanta have just been over the top. I hope he doesn'ft 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 boughg his firm, , in June 2005. Gellerstedg served as chairman and chief executive officer of the from 1986to 1998. In after the sale of Beers to , he was elected chairman and CEOof , a packaging and printed offic e products company. In 2000, Gellerstedt became president and chief operating officerof , an urbanm mixed-use development company. He went on to found The Gellerstedt Grouin 2003. In othetr company news, Cousins’ board of directorsz named S. Taylor Glover non-executive chairmanh of the board. Glover joined the Cousins board inFebruaryy 2005.
He is currently the president and chiefc executive officerof
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