Cousins Chairman Tom Bell retiring - Kansas City Business Journal:

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Gellerstedt will remain the Atlanta-based real estate investment trusty said. Bell, who turns 60 this became Cousins CEO in Januarhy 2002 and chairman inDecember 2006. Under his watch, the company sold nearly $3 billion in assetw during the market’s peak for special dividendsa totaling $12.62 a share. “There is never a perfectf time to leave a company as respected and admireedas Cousins, but I’m confidengt that after seven and a half years as chief executive, the company is ready for new leadershio and renewed energy,” Bell said in a statement.
“Mu decision to step aside now allows our extremelt talented management team under the guidance of Larry to make important decisions that will prepare Cousins for the next phase of the real estate Bell remains deeply involvedin Atlanta’s cividc life. He has been instrumental in the effort to save fromfinanciapl ruin. The movement began over dinne r in early 2007 when the table conversationbof A.D. “Pete” Correll, former CEO of , and Bell turnedx to Grady. Through their leadershi and donationsfrom , ’s $5 million, and . "I thoughy he had big shoes to fill when he took since he was replacingTom Cousins," said Hal founder of Barry Real Estat e Cos.
"Since then, he's done an absolutely fantastic job for that Andwhat he's done for the city and metro Atlanta have just been over the top. I hope he doesn'tf give up some of his efforts that have meanr so much to theAtlanta community. I just admire the heck out of Gellerstedt, 53, came to Cousine (NYSE: CUZ) when the REIT bought his , in June 2005. Gellerstedt servedr as chairman and chief executive officer of the from 1986to 1998. In after the sale of Beers to , he was elected chairma and CEOof , a packaging and printed offic products company. In 2000, Gellerstedt became presidenr and chief operating officerof , an urbamn mixed-use development company.
He went on to found The Gellerstedt Groupin 2003. In other company Cousins’ board of directors namesd S. Taylor Glover non-executivs chairman of the board. Glover joined the Cousins boardc inFebruary 2005. He is currently the presiden t and chief executive officerof