NextDecade names interim CFO

NextDecade names interim CFO as company prepares for next LNG milestone. The company reiterated its timeline for Rio Grande LNG Train 5 investment decision.

NextDecade Corp. announced that Chief Financial Officer Brent Wahl will step down from his role effective Oct. 20, 2025, to join a digital infrastructure company. The Houston-based LNG developer said Mike Mott, currently senior vice president of enterprise transformation, will serve as interim CFO beginning the same day.

Wahl, who joined NextDecade in 2021, will remain with the company in a consulting capacity through the end of the year to ensure a smooth transition. The company said it has launched a search for a permanent successor.

“I want to thank Brent for the significant impact he has made at NextDecade,” said Matt Schatzman, chairman and CEO. “As CFO, Brent and his team led one of the largest energy infrastructure financings in U.S. history, and I’m sure this experience will serve him well in his next chapter.”

Mott brings extensive financial and strategic experience to the interim role, the company said. In addition to leading the company’s enterprise transformation program, he previously headed NextDecade’s Carbon Solutions and corporate strategy groups. Before joining the company, Mott served as CFO of LNG Limited and held senior finance, strategy and operations positions at BG Group.

NextDecade reaffirmed that it continues to expect a positive final investment decision on Train 5 of its Rio Grande LNG export project near Brownsville, Texas, on or before Nov. 15, 2025, contingent on securing adequate financing.

Through its subsidiaries, NextDecade is developing and constructing the Rio Grande LNG terminal, which has approximately 48 million tonnes per annum (MTPA) of potential liquefaction capacity in operation, construction or development. The company is also advancing plans for a carbon capture and storage project at the site, designed to reduce emissions and support its broader lower-carbon energy strategy.