Square planar cobalt(III) complexes with redox-active amidophenolate ligands are strong nucleophiles that react with alkyl halides, including CH2Cl2, under gentle conditions to generate stable square pyramidal alkylcobalt(III) complexes. The net electrophilic addition reactions formally require 2e(-) oxidation of the metal fragment, but there is no change in metal oxidation state because the reaction proceeds with 1e(-) oxidation of each amidophenolate ligand. Although the four-coordinate complexes are very strong nucleophiles, they are mild outer-sphere reductants. Accordingly, addition of alkyl- or phenylzinc halides to the five-coordinate organometallic complexes regenerates the square planar starting materials and extrudes C-C coupling products. The net 2e(-) reductive elimination reaction also occurs without a oxidation state change at the cobalt(III) center. Together these reactions comprise a complete, well-defined cycle for cobalt Negishi-like cross-coupling of alkyl halides with organozinc reagents.