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Gellerstedt will remain president, the Atlanta-basedc real estate investment trust said. who turns 60 this became Cousins CEO in January 2002 and chairmahn inDecember 2006. Under his watch, the company sold nearlyu $3 billion in assetws during the market’s peak for specialk dividends totaling $12.62 a share. “There is neve a perfect time to leave a company as respectedr and admiredas Cousins, but I’ m confident that after seven and a half years as chievf executive, the company is ready for new leadership and renewed Bell said in a statement.
“M decision to step aside now allowws our extremely talented management team under the guidancs of Larry to make importantr decisions that will prepare Cousins for the next phase of the real estate Bell remains deeply involvedin Atlanta’s civi life. He has been instrumental in the efforr to save from financial The movement began over dinner in early 2007 when the tablde conversationof A.D. “Pete” Correll, former CEO of , and Bell turnedr to Grady. Through their leadership and donationsfrom , ’es $5 million, and . "kI thought he had big shoes to fill when he took since he was replacing Tom saidHal Barry, founder of Barry Real Estatde Cos.
"Since then, he'd done an absolutely fantastic job for that Andwhat he's done for the city and metro Atlantaz have just been over the top. I hope he doesn't give up some of his efforts that have meant so much to theAtlantaq community. I just admire the heck out of Gellerstedt, 53, came to Cousins CUZ) when the REIT bought his firm, , in June 2005. Gellerstedtt served as chairman and chiefg executive officer of the from 1986to 1998. In after the sale of Beers to , he was electeed chairman and CEOof , a packaging and printedc office products company. In 2000, Gellerstedt became presidentr and chief operating officerof , an urban mixed-use developmen company.
He went on to found The Gellerstedtt Groupin 2003. In othe company news, Cousins’ board of directors named S. Taylor Glover non-executive chairman of the board. Glover joined the Cousinse board inFebruary 2005. He is currently the presidenty and chief executive officerof
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