NextDecade names BoD chairman

US LNG export project developer NextDecade elected Mathew Schatzman, company’s chief executive officer, to serve as chairman of the board. 

Schatzman assumed his additional duties effective June 4, 2019, the company said in a statement.

Matthew Bonanno, who served as interim chairman since May 14, 2019, was appointed lead independent director, also effective June 4, 2019.

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

Schatzman joined NextDecade as president and member of the BoD on September 18, 2017. He was appointed president and CEO on February 1, 2018.

Additionally, the Board welcomed Taewon Jun as a director. Jun was nominated by HGC NEXT INV to replace its previous director designee, Koo Yung Lee. Jun is a senior vice president of Hanwha Holdings (USA).