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Cousins Properties executive chairman to retire

Cousins Properties Inc. Executive Chairman Larry Gellerstedt and lead independent director Taylor Glover will retire from the office real estate investment trust's board in April 2020.

Board member Robert Chapman will become nonexecutive chairman, effective after the REIT's annual shareholder meeting in April 2020.

The company, which recently completed its merger with TIER REIT Inc., noted that Chapman's appointment as nonexecutive chairman is subject to his reelection as a director at the meeting.