http://berg-nordenberg.com/?p=36
Gellerstedt will remain president, the Atlanta-basef real estate investment trust said. who turns 60 this year, became Cousin CEO in January 2002 and chairmah inDecember 2006. Under his watch, the companu sold nearly $3 billioh in assets during the market’ss peak for special dividends totaling $12.62 a share. “There is never a perfect time to leavew a company as respected and admireras Cousins, but I’m confident that after seven and a half years as chief the company is ready for new leadership and renewed Bell said in a statement.
“My decision to step asided now allows our extremely talentefd management team under the guidancr of Larry to make important decisions that will prepare Cousinxs for the next phas of the real estate Bell remains deeply involvedin Atlanta’ s civic life. He has been instrumental in the effort to save fromfinanciap ruin. The movement began over dinne r in early 2007 when the table conversationnof A.D. “Pete” Correll, former CEO of , and Bell turnef to Grady. Through their leadership and donationsfrom , ’ s $5 million, and .
" thought he had big shoes to fill when he took since he was replacingTom Cousins," said Hal Barry, founded of Barry Real Estate Cos. "Sincwe then, he's done an absolutely fantastic job for that Andwhat he's done for the city and metrk Atlanta have just been over the top. I hope he doesn'f give up some of his efforts that have meant so much to theAtlantza community. I just admire the heck out of Gellerstedt, 53, came to Cousinx (NYSE: CUZ) when the REIT boughtg his firm, , in June 2005. Gellerstedt served as chairman and chietf executive officer of the from 1986to 1998.
In after the sale of Beerzs to , he was elected chairman and CEOof , a packagintg and printed office products company. In 2000, Gellerstedyt became president and chief operatinf officerof , an urban mixed-use development He went on to found The Gellerstedgt Group in 2003. In othert company news, Cousins’ boarsd of directors named S. Taylor Glover non-executiv chairman of the board. Glover joinef the Cousins board inFebruary 2005.
He is currentlty the president and chief executive officerof
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