NextDecade Mourns the Loss of Founder and Chairman Kathleen M. Eisbrenner
May 10 2019 - 2:51PM
Business Wire
NextDecade Corporation (NextDecade) (NASDAQ: NEXT) mourns the
loss of Kathleen M. Eisbrenner, 58, Founder and Chairman of the
Board of Directors.
“It is with great sorrow that we announce the untimely passing
of our friend and colleague,” said Matthew K. Schatzman, President
and Chief Executive Officer of NextDecade. “Kathleen was a true
energy industry pioneer. We at NextDecade are grateful for her
foresight and leadership, without which we would not be where we
are today.”
“We extend our deepest sympathies to Kathleen’s devoted husband,
Ray, and the Eisbrenner family,” Schatzman continued. “All of us at
NextDecade are fortunate to have known and worked with Kathleen
over the years, and remain firmly committed to the realization of
her vision.”
Mrs. Eisbrenner founded NextDecade in 2010 and led the company
to its listing on the Nasdaq Stock Market in July 2017. She served
jointly as Chairman and Chief Executive Officer until February
2018, and remained as NextDecade’s Chairman of the Board of
Directors until her death.
Mrs. Eisbrenner enjoyed a remarkable career, and was widely
viewed as one of the foremost female executives in the global LNG
industry. She was formerly Executive Vice President at Royal Dutch
Shell, where she was responsible for the management of the
company’s global LNG portfolio and LNG trading business.
Prior to Shell, Mrs. Eisbrenner was the founder and Chief
Executive Officer of Excelerate Energy, focused on developing the
Floating Storage Regasification Unit (FSRU) vessel and industry.
She also held various senior management positions at El Paso
Energy.
Mrs. Eisbrenner was an Independent Director of EXMAR and a
member of the American Bureau of Shipping, JERA’s Fuel Business
Expert Advisory Board, and Junior Achievement of Southeast Texas.
She was also a former member of the Board of Directors of
Chesapeake Energy and the National Petroleum Council. Mrs.
Eisbrenner was a proud graduate of the University of Notre Dame,
where she earned a Bachelor of Science degree in Civil Engineering
in 1982.
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.
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING
STATEMENTS
This press release contains forward-looking statements within
the meaning of U.S. federal securities laws. The words
“anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,”
“might,” “plan,” “potential,” “project,” “should,” “will” and
similar expressions are intended to identify forward-looking
statements, and these statements may relate to the business of
NextDecade and its subsidiaries. These statements have been based
on NextDecade’s current assumptions, expectations, and projections
about future events and involve a number of known and unknown
risks, which may cause actual results to differ materially from
expectations expressed or implied in the forward-looking
statements. These risks include uncertainties about NextDecade’s
Rio Grande LNG and Rio Bravo Pipeline projects; its ability to
secure additional debt and equity financing in the future to
complete its contemplated projects; the accuracy of the estimated
costs for the projects; governmental approval of construction and
operation of the projects; the successful completion of the
projects by third-party contractors; its ability to generate cash;
the development risks, operational hazards, regulatory approvals
applicable to the projects’ construction and operations activities;
its anticipated competitive advantage; the global demand for and
price of natural gas (versus the price of imported LNG); the
availability of LNG vessels worldwide; legislation and regulations
relating to the LNG industry; negotiations for the project site
lease and right-of-way options for the pipeline route; compliance
with environmental laws and regulations; the result of future
financing efforts and applications for customary tax incentives;
and other matters discussed in the “Risk Factors” section of
NextDecade’s Annual Report on Form 10-K for the year ended December
31, 2018 and other subsequent reports filed with the Securities and
Exchange Commission, all of which are incorporated herein by
reference.
Additionally, any development of the projects remains contingent
upon completing required commercial agreements; acquiring all
necessary permits and approvals; securing all financing commitments
and potential tax incentives; achieving other customary conditions;
and making a final investment decision to proceed. The
forward-looking statements in this press release speak as of the
date of this release. Although NextDecade believes that the
expectations reflected in these forward-looking statements are
reasonable, it can give no assurance that the expectations will
prove to be correct. NextDecade may from time to time voluntarily
update its prior forward-looking statements, however, it disclaims
any commitment to do so except as required by securities laws.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190510005467/en/
Investors: ir@next-decade.com | + 1 (832) 910
8629Media: communications@next-decade.com | + 1 (281) 249
5453
NextDecade (NASDAQ:NEXT)
Historical Stock Chart
From Mar 2024 to Apr 2024
NextDecade (NASDAQ:NEXT)
Historical Stock Chart
From Apr 2023 to Apr 2024