NextDecade Elects Matthew K. Schatzman as Chairman of the Board of Directors

NextDecade announced yesterday its board has elected Matthew K. Schatzman, NextDecade’s Chief Executive Officer, to serve as Chairman of the Board. Schatzman assumed his additional duties effective June 4, 2019. Matthew W. Bonanno, who served as Interim Chairman since May 14, 2019, was appointed Lead Independent Director, also effective June 4, 2019.

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

Schatzman joined NextDecade as President and member of the Board of Directors on September 18, 2017. He was appointed President and Chief Executive Officer on February 1, 2018.

NextDecade plans to develop the Rio Grande LNG export facility in Brownsville, Texas. NextDecade expects to make a final investment decision on Rio Grande LNG this year and to begin commercial operations in 2023