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Gellerstedt's base salary was increased from $375,000 to his target annual incentive cash bonu s award was increasedto $525,000 and his targey long-term equity incentive award was increased to the filing shows. The 2009 cash bonuxs and equityincentive award, if earned, are expectedr to be awarded by the company'as Compensation, Succession, Nominating and Governance Committee in Februaryy 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 compensationfor 2008, accordin g to a proxy filing. Gellerstedt, 53, came to Cousinsw (NYSE: CUZ) when the REIT bough his firm, , in June 2005.
Gellerstedt served as chairmabn and CEO of the BeersConstruction Co. from 1986 to 1998. In after the sale of Beers toSkanska USA, he was electecd chairman and CEO of Americaj Business Products, a packaging and printed officwe products company. In 2000, Gellerstedt became presidentg and chief operating officer of TheIntegral Group, an urban mixed-usew development company. He went on to found The Gellerstedty Groupin 2003.
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