Cousins Chairman Tom Bell retiring - East Bay Business Times:

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Gellerstedt will remain president, the Atlanta-basecd real estate investment trustg said. Bell, who turns 60 this year, became Cousin s CEO in January 2002 and chairman inDecembefr 2006. Under his watch, the company sold nearl y $3 billion in assets during the market’s peak for speciap dividends totaling $12.62 a “There is never a perfect time to leavd a company as respected and admiredas Cousins, but I’m confident that after seven and a half yeares as chief executive, the company is ready for new leadershi and renewed energy,” Bell said in a “My decision to step aside now allowxs our extremely talented management team undere the guidance of Larry to make important decisions that will preparr Cousins for the next phase of the real estate Bell remains deeply involved in Atlanta’x civic life.
He has been instrumental in the effort to save fromfinanciao ruin. The movement began over dinner in early 2007 when the tablse conversationof A.D. Correll, former CEO of , and Bell turned to Through their leadership and donationssfrom , ’s $5 million, and . "I thought he had big shoes to fill when he took since he was replacingTom Cousins," said Hal Barry, foundere of Barry Real Estate Cos. "Since he's done an absolutely fantastic job for that Andwhat he's done for the city and metro Atlants have just been over the top. I hope he doesn't give up some of his efforts that have mean t so much to theAtlantqa community. I just admire the heck out of him.
" 53, came to Cousins (NYSE: CUZ) when the REIT boughr his firm, , 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 electedr chairman and CEOof , a packaging and printesd office products company. In Gellerstedt became president and chief operating officefrof , an urban mixed-use developmengt company. He went on to found The Gellersted t Groupin 2003. In othert company news, Cousins’ boarrd of directors named S. Taylor Glovere non-executive chairman of the board. Glovet joined the Cousins boarrd inFebruary 2005.
He is currentlty the president and chief executive officerof