Fermi CEO and CFO exit, shares drop 22%
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- Fermi shares fell 22% after the sudden departure of CEO Toby Neugebauer and CFO Miles Everson.
- Marius Haas assumed the chairman role, while Miles Everson joined the board via the Melissa A. Neugebauer 2020 Trust’s director designation rights.
- Project Matador in Amarillo, Texas, the AI‑powered nuclear campus, has faced friction with a key customer, delaying progress.
- Rick Perry, co‑founder of Fermi, remains on the board after the leadership shuffle, signaling continuity amid restructuring.
Why it matters: Investors lose 22% of market value; Marius Haas now controls the chair, and the reshuffle will delay Project Matador’s timeline, slowing AI data‑center rollout for early adopters.
