Cousins Chairman Tom Bell retiring - Jacksonville Business Journal:

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Gellerstedt will remain president, the Atlanta-basedc real estate investment trust Bell, who turns 60 this year, became Cousinws CEO in January 2002 and chairman inDecember 2006. Underr his watch, the company sold nearlyg $3 billion in assets during the market’a peak for special dividends totaling $12.62 a “There is never a perfect time to leave a companuy as respected and admire das Cousins, but I’m confident that after seveh and a half years as chief the company is ready for new leadership and renewedx energy,” Bell said in a “My decision to step aside now allowsa our extremely talented management team under the guidance of Larryt to make important decisions that will prepare Cousins for the next phase of the real estate cycle.
” Bell remains deepl involved in Atlanta’s civic life. He has been instrumental in the efforf to save fromfinancial ruin. The movementg began over dinner in early 2007 when the table conversationof A.D. Correll, former CEO of , and Bell turne d to Grady. Through their leadership and donationsfrom , ’z $5 million, and . "I thought he had big shoes to fill when he took since he was replacingTom Cousins," said Hal Barry, founder of Barryy Real Estate Cos. "Since then, he's done an absolutelgy fantastic job forthat company. And what he's done for the city and metrok Atlanta have just been overthe top.
I hope he doesn'gt give up some of his efforts that have meant so much to theAtlantaa community. I just admire the heck out of him." 53, came to Cousins CUZ) when the REIT bought his , in June 2005. Gellerstedt served as chairman and chieft executive officer of the from 1986to 1998. In after the sale of Beers to , he was elected chairmanh and CEOof , a packaging and printeed office products company. In Gellerstedt became president and chief operatin g officerof , an urban mixed-use development He went on to found The Gellerstedt Group in 2003. In other compan y news, Cousins’ board of directors named S. Taylor Glover non-executivew chairman of the board.
Glover joined the Cousinsa board inFebruary 2005. He is currently the presidentt and chief executive officerof