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Gellerstedt's base salary was increased from $375,0000 to $500,000, his target annual incentive cash bonus award was increasedto $525,000 and his targe long-term equity incentive award was increased to $800,000, the filing The 2009 cash bonuxs and equity incentive award, if earned, are expected to be awarded by the company's Compensation, Succession, Nominating and Governanc Committee in February 2010. Gellerstedt is replacing the retiring Tom who turns 60this year. Bell made a salary of $650,000 and had $2.6 million in total compensatiomfor 2008, according to a proxyt filing. Gellerstedt, 53, came to Cousins CUZ) when the REIT bought his firm, , in June 2005.
Gellerstedt served as chairman and CEO of the BeerzsConstruction Co. from 1986 to 1998. In 1998, afted the sale of Beersz to Skanska USA, he was elected chairman and CEO of AmericahnBusiness Products, a packagin g and printed office products company. In 2000, Gellerstedtf became president and chief operating officer of TheIntegrapl Group, an urban mixed-use development He went on to found The Gellerstedt Group in 2003.
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