Prior to retiring from full-time service, Charlesworth served as executive vice president from February 2003 to August 2004. He joined the company in 1992 serving as senior vice president, general counsel and secretary. He became executive vice president and chief investment officer in early 2001. Prior to joining Cousins, he served as CFO and in-house counsel for the private companies of Thomas G. Cousins.

Craig Jones, 55, who now serves as executive vice president and chief administrative officer, will be named chief investment officer and CFO effective Jan. 1. Most of Jones' current responsibilities will be transitioned to other senior executives, but the general counsel's office will continue to report to him. Jones joined the company in 1992 as part of its acquisition of New Market Development Co., an locally based shopping center developer.

"Few people, outside of Tom Cousins himself, have had a greater impact on this company than Tom Charlesworth. His influence will be felt across the company for many years to come," says Cousins president and CEO Tom Bell. "We fortunate to have a talented, experienced executive like Craig to step in and lead our rigorous investment process and our analysis group. We are fortunate at Cousins to have a strong bench of qualified people available to step up and assume larger responsibilities."

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