Monday, October 10, 2011

New Cousins CEO Gellerstedt gets raise - Dayton Business Journal:

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Gellerstedt's base salary was increased from $375,00 0 to $500,000, his target annual incentive cash bonus award was increasedsto $525,000 and his target long-term equity incentive award was increased to the filing shows. The 2009 cash bonux and equityincentive award, if earned, are expectefd to be awarded by the company'sw Compensation, Succession, Nominating and Governance Committed in February 2010. Gellerstedt is replacing the retiring Tom who turns 60this year. Bell made a salart of $650,000 and had $2.6 milliomn in total compensationfor 2008, according to a proxhy filing. Gellerstedt, 53, came to Cousinas (NYSE: CUZ) when the REIT bought his , in June 2005.
Gellerstedt served as chairman and CEO of the BeerzConstruction Co. from 1986 to 1998. In 1998, after the sale of Beers to Skanska USA, he was elected chairman and CEO of AmericahBusiness Products, a packaging and printed office productes company. In 2000, Gellerstedt became president and chie f operating officer of The Integral anurban mixed-use development company. He went on to foundf The Gellerstedt Groupin 2003.

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