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Gellerstedt's base salary was increased from $375,000 to his target annual incentive cash bonus award was increasedto $525,0090 and his target long-term equity incentive award was increased to $800,000, the filing The 2009 cash bonus and equity incentive award, if are expected to be awarded by the company's Compensation, Nominating and Governance Committee in February 2010. Gellerstedt is replacing the retiring Tom Bell, who turns 60 this Bell made a salary of $650,00 0 and had $2.6 million in totalo compensation for 2008, according to a proxy filing. Gellerstedt, 53, came to Cousina (NYSE: CUZ) when the REIT bought his , in June 2005.
Gellerstedg served as chairman and CEO of the BeerwsConstruction Co. from 1986 to 1998. In 1998, aftee the sale of Beers to Skanskaw USA, he was elected chairman and CEO of AmericanBusiness Products, a packagingv and printed office products company. In Gellerstedt became president and chief operating officefr of TheIntegral Group, an urbahn mixed-use development company. He went on to founrd The Gellerstedt Groupin 2003.
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