CEO and CFO suddenly depart AI nuclear power upstart Fermi

Fermi, an AI nuclear power startup co-founded by former U.S. Energy Secretary Rick Perry, faces leadership turmoil following the sudden departure of CEO Toby Neugebauer and CFO Miles Everson. The announcement triggered a 22% decline in the company stock. While Neugebauer remains on the board and Marius Haas has been appointed as the new chairman, the company is struggling with its major data center initiative, Project Matador, which has faced significant friction with a key customer. In an attempt to reassure investors, leadership framed these changes as part of a strategic shift dubbed "Fermi 2.0," which includes relocating the corporate headquarters to Dallas.

(Source：TechCrunch)