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NextDecade elects news chairman of the board of directors

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LNG Industry,

NextDecade Corp. has announced that Matthew K. Schatzman, CEO, has been elected to serve as chairman of the board.

According to the statement Schatzman assumed his additional duties on 4 June 2019. Matthew W. Bonanno, who served as interim chairman since 14 May this year, was appointed lead independent director, also effective 4 June.

Bonanno said: “The board has the highest confidence in Matt, who has been instrumental in advancing the strategic direction of the business since joining NextDecade almost two years ago.

“We believe Matt is ideally suited to deliver our Rio Grande LNG project and to maximise the value of our business for all stakeholders.”

Schatzman joined NextDecade as President and as a member of the board of directors in September 2017. He was appointed President and CEO on 1 February 2018.

In the statement, NextDecade also welcomes Taewon Jun as a director. Jun was nominated by HGC NEXT INV LLC to replace its previous director designee, Koo Yung Lee. Jun is a Senior Vice President of Hanwha Holdings (USA) Inc.

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