HOUSTON--(BUSINESS WIRE)--NextDecade Corporation (NextDecade) (NASDAQ: NEXT) announced today that its Board of Directors (Board) has elected Matthew K. Schatzman, NextDecade’s Chief Executive Officer, to serve as Chairman of the Board. Mr. 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.”

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

About NextDecade Corporation

NextDecade is a liquified natural gas (LNG) development company focused on LNG export projects and associated pipelines in Texas. NextDecade intends to develop the largest LNG export solution linking Permian Basin associated gas to the global LNG market, creating value for producers, customers, and stockholders. Its portfolio of LNG projects includes the 27 mtpa Rio Grande LNG export facility in Brownsville, Texas and the 4.5 Bcf/d Rio Bravo Pipeline that would transport natural gas from the Agua Dulce area to Rio Grande LNG. NextDecade’s common stock is listed on the Nasdaq Stock Market under the symbol “NEXT.” NextDecade is headquartered in Houston, Texas. For more information, visit www.next-decade.com.