NextDecade names Mott as interim CFO

NextDecade Corp. has appointed company senior vice-president Michael (Mike) Mott as interim chief financial officer, effective Oct. 20, 2025.

Mott will take over from Brent Wahl, who resigns from the company as chief financial officer, effective Oct. 20. Wahl was named chief financial officer of NextDecade in 2021 after having served as senior vice-president, finance. 

Wahl will leave NextDecade to join a digital infrastructure company. He will serve in a consultant capacity to NextDecade through Dec. 31, 2025.

NextDecade named Mott senior vice-president, enterprise transformation, in July 2024. He joined the company in June 2021 as has separately served as vice-president, corporate strategy, and senior vice-president, carbon solutions. 

Prior, he served as the chief financial officer of LNG Ltd., and held a number of senior strategy, finance, and operations roles at BG Group.

Rio Grande LNG

In the release about the executive transition, NextDecade said it continues to expect to reach a positive final investment decision (FID) on its 6-million tonnes/year (tpy) Train 5 and related infrastructure at Rio Grande LNG in Brownsville, Tex., subject to obtaining adequate financing, on or before Nov. 15, 2025.

Train 5 would increase total capacity under construction at Rio Grande LNG to about 30 million tpy. Capacity for the $6.7-billion Train 5 is about 75% contracted, the company noted in a September 2025 investor presentation.