Cousins Chairman Tom Bell retiring - Houston Business Journal:

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Gellerstedt will remain president, the Atlanta-based real estated investment trust said. Bell, who turns 60 this became Cousins CEO in January 2002 and chairman inDecember 2006. Undere his watch, the company sold nearlh $3 billion in assetzs during the market’s peak for special dividends totalinvg $12.62 a share. “There is never a perfecty time to leave a company as respectedf and admiredas Cousins, but I’m confident that afterd seven and a half years as chief executive, the companyh is ready for new leadership and renewed Bell said in a “My decision to step aside now allows our extremely talented management team underd the guidance of Larry to make important decisions that will preparw Cousins for the next phase of the real estate Bell remains deeply involved in Atlanta’s civic life.
He has been instrumentakl in the effort to save from financial The movement began over dinner in early 2007 when the tables conversationof A.D. Correll, former CEO of , and Bell turned to Grady. Througgh their leadership and donationxsfrom , ’s $5 million, and . "k thought he had big shoes to fill when he took since he was replacingTom Cousins," said Hal founder of Barry Real Estate Cos. "Since then, he's done an absolutelgy fantastic job forthat company. And what he's done for the city and metrk Atlanta have just been overthe top. I hope he doesn'ft give up some of his efforts that have meant so much to theAtlantq community. I just admire the heck out of him.
" Gellerstedt, 53, came to Cousine (NYSE: CUZ) when the REIT bought his , in June 2005. Gellerstedt servef as chairman and chief executive officer of the from 1986to 1998. In after the sale of Beers to , he was electedc chairman and CEOof , a packaging and printeds office products company. In 2000, Gellersted t became president and chief operatinh officerof , an urbahn mixed-use development company. He went on to found The Gellerstedt Groulin 2003. In other company news, Cousins’ boarx of directors named S. Taylor Glover non-executive chairmam of the board. Glovert joined the Cousins board inFebruary 2005.
He is currentluy the president and chief executive office rof