NextDecade Corporation said its Board of Directors (Board) has elected Matthew K. Schatzman, NextDecade’s CEO, 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 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.
Additionally, the Board welcomed 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.