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Outbyte Driver Updater FREEFix the driver behind crashes, sound loss and screen glitchesFind Drivers →Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →Giovanni Oddo resigned from NextDecade’s board effective September 29, 2026. NextDecade’s October 1 SEC filing says NIC, an affiliate of Mubadala Investment Company, has the right under the Purchaser Rights Agreement to designate a replacement. The filing does not name a successor or say NIC has exercised that right.
What NextDecade disclosed about Oddo’s resignation
NextDecade said it received Oddo’s resignation letter on September 29, 2026, and that it took effect immediately. In its October 1, 2026 Form 8-K, the company reported that Oddo indicated his resignation was not due to disagreements with the company about its operations, policies, or practices. The filing gives no other reason for his departure. Read the SEC Form 8-K.
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Who can designate a replacement?
NIC, an affiliate of Mubadala Investment Company, has the right under the Purchaser Rights Agreement to designate a replacement for Oddo on the board. The filing does not identify a designee, say that NIC has exercised its right, or provide an appointment date.
How Oddo joined the board
Oddo joined NextDecade’s board in May 2022 as a Class B director. The company’s 2022 filing said NIC had notified NextDecade of its intent to replace then-director Khalifa Abdullah Al Romaithi under the same agreement, and the board appointed Oddo to fill the resulting vacancy. That history does not establish what steps will be taken for the current vacancy. See the May 2022 SEC filing.
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What to watch for next
A later SEC filing or company announcement would be needed to confirm whether NIC designates a successor and whether the board appoints that person. Any such update can clarify the successor’s identity, appointment date, board class and term, and any committee assignment. NextDecade’s 2026 proxy statement describes board and term information before this departure, so it should not be treated as a current roster after September 29, 2026. View the 2026 proxy statement.
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