ATLANTA--(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.
Source: Cousins Properties Incorporated
Contact:
Cousins Properties Incorporated
Investment Community and Media:
Cameron
Golden, 404-407-1984
Director of Investor Relations/Corporate
Communications
CameronGolden@cousinsproperties.com
www.cousinsproperties.com