Cousins Chairman Tom Bell retiring - Dayton Business Journal:

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Gellerstedt will remain the Atlanta-based real estate investment trustf said. Bell, who turns 60 this year, became Cousinw CEO in January 2002 and chairma n inDecember 2006. Undeer his watch, the company sold nearly $3 billion in assetzs during the market’s peak for special dividends totaling $12.62q a share. “There is never a perfectg time to leave a compan as respected and admiredas Cousins, but I’m confident that after sevej and a half years as chied executive, the company is ready for new leadershi and renewed energy,” Bell said in a “My decision to step aside now allows our extremelyt talented management team under the guidance of Larry to make importan decisions that will prepare Cousins for the next phase of the real estatde cycle.
” Bell remains deeply involved in Atlanta’s civic life. He has been instrumentapl in the effort to save from financial The movement began over dinner in early 2007 when the table conversationmof A.D. “Pete” Correll, former CEO of , and Bell turnex to Grady. Through their leadership and donationafrom , ’s $5 and . "I thought he had big shoeas to fill when he took since he was replacinhgTom Cousins," said Hal Barry, founder of Barrgy Real Estate Cos. "Since then, 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'rt give up some of his efforts that have meanr so much to theAtlanta community. I just admirw the heck out of him." Gellerstedt, 53, came to Cousin s (NYSE: CUZ) when the REIT bought his , in June 2005. Gellerstedt served as chairman and chief executiv officer of the from 1986to 1998. In after the sale of Beers to , he was electecd chairman and CEOof , a packaging and printecd office products company. In 2000, Gellerstedy became president and chief operatingf officerof , an urba n mixed-use development company. He went on to found The Gellerstedyt Groupin 2003. In other companhy news, Cousins’ board of directors namee S.
Taylor Glover non-executive chairman of the Glover joined the Cousins board inFebruarty 2005. He is currently the president and chierf executive officerof