Cousins Hires REIT Veteran Adzema as Chief Financial Officer
November 08 2010 - 4:01PM
Business Wire
Cousins Properties Incorporated (NYSE: CUZ) announced today that
Gregg D. Adzema has been hired as Executive Vice President and
Chief Financial Officer, effective November 30, 2010. Mr. Adzema
replaces Jim Fleming, who announced his pending retirement from the
position earlier this year. Fleming will serve as a consultant to
the Company to facilitate a seamless transition.
Mr. Adzema has spent most of his 23-year career in senior
financial, investment and advisory roles in commercial real estate.
He was with Summit Properties, a publicly traded apartment REIT,
from 1996 to 2005, the last four years of which he served as
Executive Vice President and Chief Financial Officer, and led
Summit’s highly successful sale to Camden Property Trust. He was
also previously with Arthur Andersen, Centex Corporation and
Wachovia Bank. Most recently, Mr. Adzema served as Chief Investment
Officer and Executive Vice President for two advisory and real
estate firms in Charlotte, N.C.
Larry Gellerstedt, Cousins President and Chief Executive
Officer, noted, “Gregg is a great addition to the Cousins’ team.
His well-regarded experience as CFO at Summit Properties, as well
as his deep background in investments and capital markets, will be
a significant asset for Cousins in the years ahead.”
Gellerstedt added, “I’d also like to once again thank Jim
Fleming for all he’s done for Cousins over the past decade. He has
played a critical role in strengthening our financial position and
preparing the Company for a successful run into the next cycle and
we wish him the very best.”
About Cousins Properties
Cousins Properties Incorporated is a leading diversified real
estate company with extensive experience in development,
acquisition, financing, management and leasing. Based in Atlanta,
the Company actively invests in office, multi-family, retail and
land development projects. Since its founding in 1958, Cousins has
developed 20 million square feet of office space, 20 million square
feet of retail space, more than 3,500 multi-family units and more
than 60 single-family neighborhoods. The Company is a fully
integrated equity real estate investment trust (REIT) and trades on
the New York Stock Exchange under the symbol CUZ. For more, please
visit www.cousinsproperties.com.
Certain matters discussed in this press release are
forward-looking statements within the meaning of the federal
securities laws and are subject to uncertainties and risk and
actual results may differ materially from projections. Readers
should carefully review Cousins’ financial statements and notes
thereto, as well as the risk factors described in Part I, Item 1A
of the Company’s Annual Report on Form 10-K for the year ended
December 31, 2009 and other documents Cousins files from time to
time with the Securities and Exchange Commission. Such
forward-looking statements are based on current expectations and
speak as of the date of such statements. The Company undertakes no
obligation to publicly update or revise any forward-looking
statement, whether as a result of future events, new information or
otherwise.
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