Addition of Former Cousins CIO Expands Board Size to 10
ATLANTA--(BUSINESS WIRE)--
Cousins Properties Incorporated (NYSE: CUZ) announced today that Tom G.
Charlesworth, 60, has been elected to the Board of Directors. Mr.
Charlesworth is the Company's former executive vice president and chief
investment officer, having retired from the Company in 2006. During his
15-year tenure at Cousins, Mr. Charlesworth held several senior
management positions at the Company, including chief financial officer
and general counsel.
"Tom Charlesworth has been an integral contributor to the growth of
Cousins over the years. We are thankful he has agreed to come out of
retirement to serve on the Board," noted Larry Gellerstedt, President
and CEO of Cousins.
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 news release are forward-looking
statements within the meaning of the federal securities laws and are
subject to uncertainties and risk. These include, but are not
limited to, general and local economic conditions (including the current
general recession and state of the credit markets), local real estate
conditions (including the overall condition of the residential and
condominium markets), the activity of others developing competitive
projects, the risks associated with development projects (such as delay,
cost overruns and leasing/sales risk of new properties), the cyclical
nature of the real estate industry, the financial condition of existing
tenants, interest rates, the Company's ability to obtain favorable
financing or zoning, environmental matters, the effects of terrorism,
the ability of the Company to close properties under contract and other
risks detailed from time to time in the Company's filings with the
Securities and Exchange Commission, including those described in Part I,
Item 1A of the Company's Annual Report on Form 10-K for the year ended
December 31, 2008 and the Company's Current Report on Form 8-K filed on
September 14, 2009. The words "believes," "expects,"
"anticipates," "estimates" and similar expressions are intended to
identify forward-looking statements. Although the Company believes that
its plans, intentions and expectations reflected in any forward-looking
statement are reasonable, the Company can give no assurance that these
plans, intentions or expectations will be achieved. 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.
Source: Cousins Properties Incorporated
Contact: Cousins Properties Incorporated
Cameron Golden, 404-407-1984
Director of Investor Relations/Corporate Communications
camerongolden@cousinsproperties.com
www.cousinsproperties.com