HOUSTON, TX, July 01, 2025 (GLOBE NEWSWIRE) — In a strategic move to bolster its leadership, Houston American Energy Corp. (NYSE American: HUSA) has announced the appointment of Matthew T. Henninger to its Board of Directors, effective immediately. This decision follows a significant share exchange with Abundia Global Impact Group (AGIG), marking a new phase in the company’s growth trajectory.
Mr. Henninger will take on roles within the Audit and Compensation Committees, bringing his extensive expertise to the table. “We are pleased to welcome Matthew to the Company’s Board of Directors,” stated Chairman Peter Longo. “Matthew’s global business expertise and extensive background in finance and strategic planning make him well-suited to help guide the Company’s growth and value creation strategies. We look forward to his contributions to the Board.”
Henninger’s Extensive Experience
Matthew T. Henninger is a seasoned executive based in New York, boasting over 35 years of experience in investment banking, operational management, and business advisory. Currently, he serves as a Managing Partner at BRM Holdings, a private family office, and is the CEO of Exotropin, a portfolio company under BRM Holdings. His career has spanned various leadership roles, including CEO of Cedi Global and President of Red Lion Partners.
Henninger’s diverse industry experience encompasses consumer products, medical chemicals, industrial manufacturing, and short-line rail transportation, among others. “I am honored to join the Board at such a pivotal moment,” Henninger remarked. “The company’s new direction, powered by Abundia’s vision for converting waste into valuable resources, presents a compelling opportunity to create significant economic value while addressing a critical global challenge.”
Strategic Shift and Board Changes
The appointment of Henninger coincides with the closing of the share exchange with AGIG on July 1, 2025. This strategic alliance is expected to enhance Houston American Energy’s capabilities in converting waste materials into valuable low-carbon fuels and chemicals, a mission aligned with global sustainability goals.
Meanwhile, Stephen P. Hartzell has resigned from the Board of Directors, a move that reflects the ongoing evolution within the company’s leadership. The company expressed gratitude for Hartzell’s service. Following these changes, the Board consists of five directors, including three independent members, ensuring a balanced and diverse leadership team.
Houston American Energy’s Vision
Houston American Energy Corp. is at the forefront of addressing the global plastic waste crisis through its proprietary pyrolysis technology. The company is committed to supplying high-demand products such as sustainable aviation fuel and recycled feedstocks to the energy and chemical industries. This innovative approach not only tackles environmental challenges but also positions the company as a leader in the renewable energy sector.
According to industry experts, the integration of AGIG’s vision with Houston American Energy’s operational capabilities could set a new standard in the renewable energy landscape. The collaboration aims to harness cutting-edge technology to transform waste into valuable resources, thereby driving economic and environmental benefits.
Looking Forward
The appointment of Matthew T. Henninger is a clear indication of Houston American Energy’s commitment to strategic growth and innovation. As the company continues to expand its influence in the renewable energy sector, the expertise and leadership of its Board will be crucial in navigating the challenges and opportunities ahead.
For further information, interested parties are encouraged to visit Houston American Energy Corp.’s website or contact the company directly at (713) 222-6966.
