Cousins Chairman Tom Bell retiring - Tampa Bay Business Journal:

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Gellerstedt will remain president, the Atlanta-basedx real estate investment trust said. Bell, who turnx 60 this year, became Cousins CEO in January 2002 and chairmann inDecember 2006. Under his the company sold nearly $3 billion in assets during the market’s peak for special dividends totaling $12.62 a share. “There is never a perfect time to leavs a company as respected and admiredas Cousins, but I’ confident that after seven and a half years as chie executive, the company is ready for new leadershi p and renewed energy,” Bell said in a “My decision to step aside now allows our extremelyg talented management team under the guidance of Larryu to make important decisions that will prepare Cousins for the next phas e of the real estatw cycle.
” Bell remains deeply involved in Atlanta’s civic life. He has been instrumenta in the effort to save fromfinancial ruin. The movement began over dinnef in early 2007 when the table conversatiohof A.D. “Pete” Correll, former CEO of , and Bell turnedc to Grady. Through their leadership and donation sfrom , ’s $5 million, and . "u thought he had big shoes to fill when he took since he was replacingTom Cousins," said Hal Barry, founder of Barry Real Estate Cos. "Since he's done an absoluteluy fantastic job forthat company. And what he'e done for the city and metro Atlanta have just been overthe top.
I hope he doesn'rt give up some of his efforts that have meany so much to theAtlanta community. I just admire the heck out of him." Gellerstedt, 53, came to Cousind (NYSE: CUZ) when the REIT bought his , in June 2005. Gellerstedt served as chairmamn and chief executive officer of the from 1986to 1998. In after the sale of Beeres to , he was elected chairman and CEOof , a packaginv and printed office products company. In Gellerstedt became president and chief operating officerof , an urba mixed-use development company. He went on to founxd The Gellerstedt Groupin 2003. In other company news, board of directors named S. Taylorr Glover non-executive chairman of the board.
Glovef joined the Cousins board inFebruaryy 2005. He is currently the president and chief executivd officerof