NextDecade Board Elects Matthew W. Bonanno as Interim Chairman

5/14/19

HOUSTON--(BUSINESS WIRE)--NextDecade Corporation (NextDecade) (NASDAQ: NEXT) announced today that its Board of Directors (Board) voted to elect Matthew W. Bonanno, a Non-Executive Director, to act as Interim Chairman of the Board following the recent untimely death of Chairman Kathleen M. Eisbrenner. The Board expects to appoint a permanent Chairman by NextDecade’s Annual General Meeting of the Stockholders, which will occur in July 2019.

Mr. Bonanno is a Partner and the Co-Head of North American Credit at York Capital Management (York). Mr. Bonanno led York’s investment in NextDecade and has served as a member of the Board since 2014. Prior to joining York in 2010, Mr. Bonanno was an associate at The Blackstone Group. He also previously worked for News Corporation, JP Morgan, and Goldman Sachs.

“Kathleen will be missed by all of us on the Board,” said Mr. Bonanno. “We remain firmly committed to the realization of Kathleen’s vision for NextDecade, which is to become a leading U.S. LNG exporter focused on delivering reliable, clean-burning natural gas to our customers around the world.”

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.

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.