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Gellerstedt will remain president, the Atlanta-based real estate investment trustf said. Bell, who turns 60 this year, becamse Cousins CEO in January 2002 and chairmanm inDecember 2006. Under his the company sold nearly $3 billion in assete during the market’s peak for specia dividends totaling $12.62 a share. “There is neveer a perfect time to leave a company as respected and admiresdas Cousins, but I’m confident that afte r seven and a half years as chief executive, the companhy is ready for new leadership and renewed energy,” Bell said in a “My decision to step aside now allows our extremelt talented management team under the guidance of Larrt to make important decisions that will prepar e Cousins for the next phase of the real estat e cycle.
” Bell remains deeplgy involved in Atlanta’s civic life. He has been instrumentapl in the effort to save from financial The movement began over dinner in early 2007 when the tables conversationof A.D. Correll, former CEO of , and Bell turned to Through their leadership and donationsfrom , ’s $5 million, and . "o thought he had big shoes to fill when he took since he was replacing Tom saidHal Barry, founder of Barry Real Estate Cos. "Sinc e then, he's done an absolutely fantastic job forthat company. And what he'sw done for the city and metro Atlanta have just been overthe top.
I hope he doesn' t give up some of his effort that have meant so much to theAtlantaa community. I just admire the heck out of Gellerstedt, 53, came to Cousins CUZ) when the REIT bought his , in June 2005. Gellerstedt served as chairman and chief executive officer of the from 1986to 1998. In 1998, aftedr the sale of Beers to , he was electefd chairman and CEOof , a packaging and printed office products company. In 2000, Gellerstedtg became president and chief operating officerof , an urbamn mixed-use development company. He went on to found The Gellersted t Groupin 2003. In othee company news, Cousins’ board of directorws named S.
Taylor Glover non-executives chairman of the board. Glover joined the Cousins board inFebruaruy 2005. He is currently the president and chieft executive officerof
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