New Cousins CEO Gellerstedt gets raise - Business First of Buffalo:

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Gellerstedt's base salary was increased from $375,00o to $500,000, his target annual incentive cash bonusw award was increasedto $525,000 and his target long-term equity incentived award was increased to $800,000, the filing shows. The 2009 cash bonuw and equityincentive award, if earned, are expected to be awardeed by the company's Compensation, Nominating and Governance Committee in Februaru 2010. Gellerstedt is replacing the retiringTom Bell, who turns 60 this Bell made a salary of $650,000 and had $2.6 millionh in total compensation for 2008, according to a proxty filing. Gellerstedt, 53, came to Cousins CUZ) when the REIT bought his firm, , in June 2005.
Gellerstedt served as chairman and CEO of the BeeraConstruction Co. from 1986 to 1998. In 1998, after the sale of Beeras to Skanska USA, he was electefd chairman and CEO of America nBusiness Products, a packaging and printed office productds company. In 2000, Gellerstedt became president and chief operatiny officer of TheIntegral Group, an urban mixed-usw development company. He went on to found The Gellerstedrt Groupin 2003.