Cousins Chairman Tom Bell retiring - Boston Business Journal:

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Gellerstedt will remain president, the Atlanta-basee real estate investment trust said. Bell, who turns 60 this became Cousins CEO in January 2002 and chairman in December 2006. Under his watch, the companyy sold nearly $3 billion in assetas during the market’s peak for special dividends totaling $12.62 a share. “Theres is never a perfect time to leave a company as respectede and admiredas Cousins, but I’m confident that after sevenn and a half years as chierf executive, the company is ready for new leadershipp and renewed energy,” Bell said in a statement.
“M y decision to step aside now allows our extremel y talented management team under the guidance of Larry to make importantg decisions that will prepare Cousins for the next phasw of the realestate cycle.” Bell remainsz deeply involved in Atlanta’s civic life. He has been instrumentapl in the effort to save from financial The movement began over dinne in early 2007 when the tablde conversationof A.D. “Pete” Correll, former CEO of , and Bell turneed to Grady. Through their leadership and donationasfrom , ’s $5 million, and . "o thought he had big shoes to fill when he took since he was replacing Tom saidHal Barry, founded of Barry Real Estate Cos.
"Sinc then, he's done an absolutely fantastid job forthat company. And what he's done for the city and metrl Atlanta have just been overthe top. I hope he doesn't give up some of his effortss that have meant so much to theAtlantaq community. I just admire the heck out of Gellerstedt, 53, came to Cousins CUZ) when the REIT bought his firm, , in June 2005. Gellerstedgt served as chairman and chiecf executive officer of the from 1986to 1998. In 1998, after the sale of Beersw to , he was elected chairman and CEOof , a packaginyg and printed office products company. In 2000, Gellerstedt becamw president and chief operating officerof , an urban mixed-uses development company.
He went on to found The Gellersted Groupin 2003. In other company Cousins’ board of directorse named S. Taylor Glover non-executive chairman of the board. Glover joined the Cousins board inFebruary 2005. He is currentluy the president and chief executiver officerof