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John Mack Rejoins Cousins' Board of Directors
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01/16/2005
ATLANTA--(BUSINESS WIRE)--Dec. 9, 2003--Cousins Properties Incorporated (NYSE:CUZ) announced today that John J. Mack has been elected to its board of directors, expanding the board to 10 members. Mr. Mack, Co-Chief Executive Officer of Credit Suisse Group and Chief Executive Officer of Credit Suisse First Boston, previously served on Cousins' Board of Directors from May 2001 to May 2003.
"Corporate leaders like John are quite rare and Cousins is lucky to have his experience and insight on our Board," said Tom Bell, president and CEO of Cousins Properties. "As the Company continues to position itself for its next phase of growth, John will be an invaluable resource for the Board, and for me personally."
A graduate of Duke University, Mr. Mack joined Morgan Stanley in May 1972 as a member of its bond department and rose steadily to positions of increasing responsibility. In 1987, he became a member of the Board of Directors. In March 1992, he assumed responsibility for Morgan Stanley's day-to-day operations as Chairman of the Operating Committee and was named President of Morgan Stanley in June 1993. Mr. Mack served as President, Chief Operating Officer and a Director of Morgan Stanley Dean Witter & Co. from May 1997 until March 2001. He joined Credit Suisse First Boston as Chief Executive Officer in July 2001 and was named Co-CEO of Credit Suisse Group in January 2003.
Mr. Mack serves in a number of positions of leadership for business, civic and philanthropic organizations. He is Chairman of the Board of Trustees of New York-Presbyterian Hospital, the University Hospital of both Columbia and Cornell, and a member of the Board of Trustees of Duke University. In addition, he serves on the Board of Directors of Catalyst, Inc., Celiant Corporation and the New York Stock Exchange, as a Trustee of the Doris Duke Charitable Foundation and on the International Advisory Panel for the Monetary Authority of Singapore. He is also a member of the Chairman's Advisory Committee of the National Association of Securities Dealers (NASD). Mr. Mack is Vice Chairman of NYC2012, the committee leading New York's bid for the 2012 Olympic Games. In the past, Mr. Mack has served on the Mayor of Beijing's Advisory Council. He was a Director of CICC, the first Investment Bank in China, a Director of the India Business School in India and on the Board of Visitors of the Fuqua School of Business at Duke University.
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, 2.1 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.
Certain matters discussed in this news release are forward-looking statements within the meaning of the federal securities laws and are subject to uncertainties and risks, including, but not limited to, general economic conditions, local real estate conditions, the activity of others developing competitive projects, the cyclical nature of the real estate industry, the financial condition of existing tenants, interest rates, the Company's ability to obtain favorable financing or zoning, environmental matters, the effects of terrorism, the failure of assets under contract for sale to ultimately close and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, including the Form 8-K filed on March 9, 2001. The words "believes," "expects," "anticipates", "estimates" and similar expressions are intended to identify forward-looking statements. Although the Company believes that its plans, intentions and expectations reflected in any forward-looking statement are reasonable, the Company can give no assurance that these plans, intentions or expectations will be achieved. Such forward-looking statements are based on current expectations and speak as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise
