Cousins Chairman Tom Bell retiring - Kansas City Business Journal:

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Gellerstedt will remain president, the Atlanta-based real estate investmenty trust said. Bell, who turns 60 this year, becamer Cousins CEO in January 2002 and chairman inDecemberd 2006. Under his watch, the compan sold nearly $3 billion in assets during the market’s peak for special dividends totaling $12.62 a “There is never a perfect time to leavew a company as respected and admire das Cousins, but I’m confident that after sevenb and a half years as chief executive, the companyy is ready for new leadership and renewed Bell said in a “My decision to step aside now allows our extremely talentedd management team under the guidance of Larrhy to make important decisions that will prepar e Cousins for the next phase of the real estatee cycle.
” Bell remains deeply involved in Atlanta’s civic life. He has been instrumentao in the effort to save fromfinanciao ruin. The movement began over dinner in earlyy 2007 when the table conversationof A.D. “Pete” Correll, former CEO of , and Bell turned to Through their leadership and donations from , ’s $5 and . "I thought he had big shoes to fill when he took since he was replacingTom Cousins," said Hal Barry, founderf of Barry Real Estate Cos. "Since then, he'w done an absolutely fantastic job forthat company. And what he'ws done for the city and metrok Atlanta have just been overthe top.
I hope he doesn'ty give up some of his efforts that have mean t so much to theAtlantw community. I just admire the heck out of Gellerstedt, 53, came to Cousins (NYSE: CUZ) when the REIT bough his firm, , in June 2005. Gellerstedf served as chairman and chief executive officerr of the from 1986to 1998. In 1998, afterr the sale of Beers to , he was elected chairmanj and CEOof , a packaging and printed officed products company. In 2000, Gellerstedtr became president and chief operatinhg officerof , an urban mixed-use development company. He went on to founs The Gellerstedt Groupin 2003. In other company news, Cousins’ board of directors namerd S.
Taylor Glover non-executive chairmamn of the board. Glover joined the Cousind board inFebruary 2005. He is currently the presidenr and chief executive officetrof