Cousins Chairman Tom Bell retiring - Puget Sound Business Journal (Seattle):

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Gellerstedt will remain president, the Atlanta-based real estate investmen trust said. Bell, who turnd 60 this year, became Cousinx CEO in January 2002 and chairmaj inDecember 2006. Under his the company sold nearly $3 billiom in assets during the market’s peak for special dividendzs totaling $12.62 a share. “There is neverf a perfect time to leave a company as respecterd and admiredas Cousins, but I’m confident that after sevenb and a half years as chief executive, the compan is ready for new leadership and renewed energy,” Bell said in a “My decision to step aside now allows our extremelu talented management team under the guidance of Larryy to make important decisions that will preparwe Cousins for the next phase of the real estate Bell remains deeply involved in Atlanta’s civiv life.
He has been instrumental in the effor t to save fromfinancial ruin. The movement began over dinneer in early 2007 when the table conversationjof A.D. “Pete” Correll, formert CEO of , and Bell turned to Through their leadership and donationsfrom , ’ds $5 million, and . "I thought he had big shoesw to fill when hetook over, sincse he was replacing Tom Cousins," said Hal Barry, foundee of Barry Real Estate Cos. "Since he's done an absolutely fantastic job forthat company. And what he'd done for the city and metroo Atlanta have just been overthe top. I hope he doesn' t give up some of his efforts that have meant so much to theAtlanta community.
I just admirs the heck out of him." Gellerstedt, 53, came to Cousins CUZ) when the REIT bought his firm, , in June 2005. Gellersted served as chairman and chief executivee officer of the from 1986to 1998. In after the sale of Beeras to , he was elected chairman and CEOof , a packagingf and printed office products In 2000, Gellerstedt became president and chief operating officer of , an urbanm mixed-use development company. He went on to found The Gellerstedft Groupin 2003. In other company news, Cousins’ boardr of directors named S. Taylor Glovet non-executive chairman of the Glover joined the Cousins board inFebruary 2005.
He is currently the presideny and chief executive officerof