ATLANTA, July 28, 2017 /PRNewswire/ -- Cousins
Properties Incorporated (NYSE: CUZ) announced today that its Board
of Directors elected Larry
Gellerstedt to the combined role of Chairman of the Board
and Chief Executive Officer. The Board also elected Colin Connolly to the position of President and
Chief Operating Officer. The current Chairman of the Board,
Taylor Glover, will now serve as
Lead Independent Director of the Board.
Mr. Gellerstedt joined Cousins in July
2005, and he has served as President and Chief Executive
Officer since July 2009. "On behalf
of the Board of Directors, I would like to recognize Larry for his
unwavering commitment to the Company and his outstanding work
leading Cousins through a very transformative era," said
Taylor Glover. "The election of
Larry to the role of Chairman is a testament to our confidence in
his strategic leadership of the Company and to the strength of the
accomplished leadership team he has assembled at Cousins. We look
forward to his expanded role in providing oversight, direction, and
leadership to the full Board."
Mr. Connolly joined Cousins in September
2011 and has served as Executive Vice President and Chief
Operating Officer since July 2016.
"Colin has proven himself as a strong leader in the Cousins
organization, and he has played an essential role in designing and
executing our most strategic transactions, including the recent
merger with Parkway Properties," said Larry
Gellerstedt. "Since joining the company, Colin's creative
deal-making capabilities and steady judgment have been key
components in the Company's efforts in implementing our long-term
strategy and driving exceptional business performance. His
promotion to President will increase his responsibility in the
day-to-day leadership, and I look forward to continuing our strong
partnership as we drive the next phase of growth for Cousins."
About Cousins Properties
Cousins Properties is a fully integrated, self-administered and
self-managed real estate investment trust (REIT). The Company,
based in Atlanta, GA and acting
through its operating partnership, Cousins Properties LP, primarily
invests in Class-A office towers located in high growth Sunbelt
markets. Founded in 1958, Cousins creates shareholder value through
its extensive expertise in the development, acquisition, leasing,
and management of high-quality real estate assets. The Company has
a comprehensive strategy in place based on a simple platform,
trophy assets, and opportunistic investments. For more information,
please visit www.cousinsproperties.com.
CONTACT:
Marli Quesinberry
Director of Investor Relations
(404) 407-1898
marliquesinberry@cousinsproperties.com
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SOURCE Cousins Properties Incorporated