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Cousins Properties Adds Erskine Bowles to Board of Directors; Election of Former White House Chief
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01/16/2005
ATLANTA--Aug. 19, 2003--Cousins Properties Incorporated (NYSE:CUZ) announced today that Erskine B. Bowles has been elected to its Board of Directors, expanding the Company's Board to nine members.
"Erskine Bowles is one of the most talented people I know. With boards across America under increased pressure to recruit more outside directors, we are delighted that Erskine has agreed to serve," said Tom Bell, president and CEO of Cousins. "His vast experience, from investment banking to the highest levels of government, brings a new perspective to our already very qualified board and is sure to have a positive effect on our board and our company."
A native of Greensboro, N.C., Mr. Bowles has previously served on the board of directors of Merck & Co., Wachovia Corporation, VF Corporation, Community Healthcare Corporation, McLeod USA, Inc. and Citadel Communications. He currently serves on the Board of Krispy Kreme Doughnut Corporation.
Mr. Bowles began his business career in the corporate finance department of Morgan Stanley & Co., in New York and later founded Bowles Hollowell Conner & Co. in Charlotte. Mr. Bowles also co-founded the merchant bank, Carousel Capital Company and was a partner in the New York private equity firm of Forstmann Little & Co.
Mr. Bowles' public sector career began as Administrator of The U. S. Small Business Administration, where he is credited with reorganizing the agency to make it more efficient and effective in providing capital to America's small businesses. He later served as Chief of Staff to President William J. Clinton and also served on both the National Security Council and National Economic Council and as a member of the President's Cabinet.
Cousins Properties Incorporated, headquartered in Atlanta, has extensive experience in the real estate industry, including the development, acquisition, financing, management and leasing of properties. The property types that Cousins actively invests in include office, retail, medical office and land development projects. The Company's portfolio consists of interests in 13.9 million square feet of office and medical office space, 2.7 million square feet of retail space and more than 300 acres of strategically located land for future commercial development. Cousins also provides leasing and management services to third-party investors; its client-services portfolio comprises 6.3 million square feet of office space. Cousins is a fully integrated equity real estate investment trust (REIT) that has been public since 1962 and trades on the New York Stock Exchange under the symbol "CUZ." For more information please visit www.cousinsproperties.com.
