Yenser, who joined the company in 2002, will lead Cousins'leasing and asset management functions, as well as its third-partyservices business. He most recently served as senior VP of leasingand asset management. Murphy will retire from the company at theend of the year and will serve as a consultant to Cousins startingin 2009.

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Fields, a 19-year veteran of John Wieland Homes andNeighborhoods, has worked extensively in land acquisition,management, brokerage and strategic planning, and will beresponsible for Cousins' residential projects. Smith will retireDec. 31 and will also remain a consultant to the company onresidential and land development.

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"Steve and Dan both bring experience and passion to theirrespective positions, and I look forward to their individual andcollective impact on the company's future success," Tom Bell,Cousins chairman and CEO, stated in a release. He added that thecompany is fortunate to have attracted or grown other top talent tosucceed retiring executives such as Murphy and Smith.

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Cousins disclosed plans inNovember to repurchase up to $20 million worth of preferred stockbetween now and May 2009, either on the open market or innegotiated block transactions. The company posted favorable fundsfrom operations of $50.9 million through the first nine months of2008.

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