NextDecade Corp Director Resigns; NIC May Name Replacement

What Happened NextDecade Corporation announced that board member Giovanni Oddo resigned from the Company’s Board of Directors effective immediately on September 29, 2026. Mr. Oddo was originally appointed in May 2022 under a Purchaser Rights Agreement with Ninteenth Investment Company LLC (NIC), an affiliate of Mubadala Investment Company. The company filed the 8-K on October 1, 2026; the notice states the resignation was not due to any disagreement with the company’s operations, policies or practices.

Key Details

• Giovanni Oddo resigned from the Board effective September 29, 2026.
• Mr. Oddo was appointed in May 2022 pursuant to the Purchaser Rights Agreement dated October 28, 2019.
• NIC (Ninteenth Investment Company LLC), an affiliate of Mubadala, has the right under that agreement to designate a replacement director.
• The 8-K was signed and filed October 1, 2026 by General Counsel Vera de Gyarfas.

Why It Matters Board changes affect corporate governance and can influence investor views on oversight and strategy. Because NIC has the contractual right to name a replacement, the vacancy is likely to be filled by a NIC designee, preserving that investor’s representation on the board. The filing also notes there were no disagreements cited with management, suggesting no disclosed conflict driving the departure. There is no indication in the filing of any immediate operational or financial impact.