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Cheniere Appoints Patricia K. Collawn and Lorraine Mitchelmore to Board of Directors

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Cheniere Energy, Inc. (NYSE American: LNG) has appointed Patricia K. Collawn and Lorraine Mitchelmore as independent directors to its Board, effective July 1, 2021. Collawn, CEO of PNM Resources, brings extensive leadership experience, while Mitchelmore, former CEO of Enlighten Innovations, adds valuable industry expertise. Both directors will enhance Cheniere's environmental and sustainability initiatives. Nuno Brandolini has retired from the Board after serving since 2000. This leadership change aims to strengthen Cheniere's position as a leading liquefied natural gas producer.

Positive
  • Appointment of Patricia K. Collawn and Lorraine Mitchelmore adds significant industry expertise to the Board.
  • Collawn and Mitchelmore's experience in environmental and sustainability performance will bolster Cheniere's ESG programs.
  • Strengthened leadership is expected to enhance Cheniere's competitive advantages in the liquefied natural gas sector.
Negative
  • Retirement of Nuno Brandolini may raise concerns regarding continuity within the Board.

Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) announced today that its Board of Directors (“Board”) has appointed Patricia K. Collawn and Lorraine Mitchelmore to serve as members of the Board, effective July 1, 2021. Ms. Collawn and Ms. Mitchelmore are considered independent directors. Ms. Collawn has been appointed to the Audit and Compensation Committees and Ms. Mitchelmore has been appointed to the Audit and Governance and Nominating Committees.

Ms. Collawn is the Chairman, President and Chief Executive Officer of PNM Resources, Inc. (“PNM Resources”) (NYSE: PNM), an energy holding company based in New Mexico. Ms. Collawn joined PNM Resources in 2007 from Public Service Company of Colorado, where she served as President and CEO. Ms. Collawn has served on the board of directors of Equitrans Midstream Corporation (NYSE: ETRN) since April 2020, and previously served on the board of directors of CTS Corporation (NYSE: CTS). Ms. Collawn also previously served as Chairman of the Electric Power Research Institute and Chairman of the Edison Electric Institute. Ms. Collawn received a Bachelor of Arts degree from Drake University and a Master of Business Administration degree from Harvard Business School.

Ms. Mitchelmore has over 30 years of international oil and gas industry experience and most recently served as President and CEO of Enlighten Innovations Inc., a Calgary-based clean technology company. Ms. Mitchelmore is also the Former Executive Vice President, Americas Heavy Oil for Royal Dutch Shell, and Former Shell Canada Limited President and Canada Country Chair. Ms. Mitchelmore has served on the board of directors of Suncor Energy, Inc. (NYSE: SU) since November 2019, and the Bank of Montreal (NYSE: BMO) since May 2015. Ms. Mitchelmore previously served on the board of directors of TransMountain Corporation. Ms. Mitchelmore received a Bachelor of Sciences degree from Memorial University of Newfoundland, a Master of Sciences degree from the University of Melbourne, Australia, and a Master of Business Administration degree from Kingston Business School in London.

“We are pleased to announce the appointment of Patricia and Lorraine to our Board today,” said Andrea Botta, Cheniere’s Chairman of the Board. “Their respective decades of relevant experience leading large organizations in the energy industry bring significant capabilities and diversity to our Board. Patricia and Lorraine’s demonstrated expertise in driving improvement in environmental and sustainability performance are key assets which will further enhance our ESG programs, integration of our climate strategies, and strengthen our competitive advantages as we continue to position Cheniere as a reliable, growing liquefaction operator that is taking a leadership position in the global transition to cleaner energy.”

Cheniere also announced today that Nuno Brandolini has retired from its Board, effective July 1, 2021. Mr. Brandolini has served as a member of the Board since 2000 and was a member of the Governance and Nominating and Compensation Committees.

“Nuno’s contributions to Cheniere over the years have played a significant part in the successful development and execution of our strategy,” said Andrea Botta. “I’d like to personally thank him for his valuable insights and dedicated service to Cheniere, and I wish him well in his future endeavors.”

About Cheniere

Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with expected total production capacity of approximately 45 million tonnes per annum of LNG operating or under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.

For additional information, please refer to the Cheniere website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, filed with the Securities and Exchange Commission.

FAQ

Who are the new directors appointed to Cheniere Energy's Board?

Patricia K. Collawn and Lorraine Mitchelmore have been appointed as independent directors.

What committees will the new directors serve on at Cheniere Energy?

Collawn will serve on the Audit and Compensation Committees, while Mitchelmore will serve on the Audit and Governance and Nominating Committees.

What impact might the new directors have on Cheniere Energy?

Their expertise in environmental and sustainability performance may enhance Cheniere's ESG initiatives and strengthen its market position.

When did the changes to Cheniere Energy's Board take effect?

The appointments are effective July 1, 2021.

Who retired from Cheniere Energy's Board?

Nuno Brandolini has retired effective July 1, 2021, after serving since 2000.

Cheniere Energy Inc

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