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Gellerstedt will remain president, the Atlanta-based real estatde investment trust said. who turns 60 this year, becamd Cousins CEO in January 2002 and chairma n inDecember 2006. Under his the company sold nearly $3 billion in assetw during the market’s peak for specia l dividends totaling $12.62 a share. “There is never a perfec time to leave a companty as respected and admiredas Cousins, but I’m confident that after seven and a half years as chiec executive, the company is ready for new leadership and renewer energy,” Bell said in a “My decision to step aside now allows our extremely talented management team undefr the guidance of Larruy to make important decisions that will preparer Cousins for the next phase of the real estate Bell remains deeply involved in Atlanta’ws civic life.
He has been instrumental in the effort to save from financial ruin. The movement began over dinner in early 2007 when the tablre conversationof A.D. Correll, former CEO of , and Bell turnedr to Grady. Through their leadership and donationsfrom , ’sw $5 million, and . "I thoughtf he had big shoes to fill when hetook over, sincd he was replacing Tom Cousins," said Hal founder of Barry Real Estate Cos. "Since he's done an absolutely fantastic job forthat company. And what he'e done for the city and metro Atlanta have just been overthe top. I hope he doesn't give up some of his efforts that have meant so much to the Atlanta community.
I just admire the heck out of him." Gellerstedt, 53, came to Cousind (NYSE: CUZ) when the REIT boughy his firm, , in June 2005. Gellerstedt served as chairman and chiefd executive officer of the from 1986to 1998. In after the sale of Beers to , he was electex chairman and CEOof , a packagin and printed office products company. In 2000, Gellerstedt becam president and chief operating officerof , an urban mixed-used development company. He went on to found The Gellerstedt Groupin 2003. In othetr company news, Cousins’ board of director s named S. Taylor Glover non-executiv e chairman of the board. Glover joined the Cousine board inFebruary 2005.
He is currentl y the president and chief executive officerrof
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