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Fermi appoints board member Lee McIntire as CEO after three-month vacancy
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Fermi has hired independent board member Lee McIntire as CEO, filling the vacancy left by the firing of co-founder Toby Neugebauer over three months ago.
Fermi's new CEO brings decades of large-project delivery experience, signaling a shift from founding vision to construction and power delivery. The appointment, alongside the first binding customer lease for its Project Matador campus, suggests the company is moving toward execution. Engineers working on AI infrastructure should watch how Fermi's nuclear-powered data center plans progress under this leadership.
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Lee McIntire, an independent Fermi board member and former CEO of CH2M Hill and TerraPower, has been named CEO.
The appointment comes more than three months after co-founder Toby Neugebauer was fired, part of a shakeup described as Fermi 2.0.
Fermi signed TensorWave as its first binding customer lease for Project Matador, and its stock is up nearly 23% since Monday.
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