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NextDecade director Giovanni Oddo resigned effective September 29, 2026, and NIC has the right under a company agreement to designate his replacement. NextDecade’s October 1 SEC filing does not name a successor or say NIC has exercised that right.
What NextDecade disclosed
NextDecade said it received Oddo’s resignation letter on September 29, 2026, and that his resignation took effect immediately. The company reported the departure in a Form 8-K dated October 1, 2026. Read the SEC filing.
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The filing says Oddo indicated that his resignation was not due to disagreement with the company about its operations, policies, or practices. It gives no other reason for his departure, so it does not establish a personal motive or broader explanation.
Who will replace Giovanni Oddo?
The filing does not identify a replacement. It says NIC has the right under the Purchaser Rights Agreement to designate someone to replace Oddo on the board. NIC is an affiliate of Mubadala Investment Company. The filing does not state that NIC has made a designation or that a successor has been appointed.
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How Oddo joined the board
Oddo joined NextDecade’s board in May 2022 as a Class B director, filling the vacancy left by Khalifa Abdullah Al Romaithi. At that time, NIC had notified NextDecade of its intent to replace Al Romaithi under the same agreement, and the board appointed Oddo. The historical appointment is described in NextDecade’s May 2022 Form 8-K; those details do not establish the procedure or timing for filling the current vacancy.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What to look for in a successor announcement
A later SEC filing or company announcement would be needed to establish whether NIC has designated someone and whether NextDecade’s board has appointed that person. When a successor is identified, the relevant details include the person’s name, appointment and effective dates, board class and term, and any committee assignment stated by the company.
NextDecade’s 2026 proxy statement provides board and term context from before Oddo’s resignation; its roster should not be treated as a current post-resignation lineup.
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