Key facts
- Fermi has appointed Lee McIntire as its new CEO.
- McIntire previously served on Fermi's board and was CEO of CH2M Hill and TerraPower.
- The company aims to power its Project Matador AI campus in Amarillo, Texas, with nuclear reactors.
- Fermi recently secured TensorWave as its first binding customer for Project Matador.
- The company ousted co-founder Toby Neugebauer and CFO Miles Everson in April.
Fermi, an AI nuclear power firm, has appointed Lee McIntire as its new chief executive, more than three months after dismissing co-founder Toby Neugebauer. McIntire, who was an independent member of Fermi's board, has prior CEO experience at CH2M Hill and Bill Gates' nuclear startup TerraPower.
Fermi America, co-founded by former U.S. Energy Secretary Rick Perry, is developing an AI campus in Amarillo, Texas, named Project Matador, which is intended to be powered by nuclear reactors for data centers. The company also announced that TensorWave has signed on as its first binding customer for the Project Matador campus.
Marius Haas, Fermi's chairman of the board, stated that McIntire is the ideal executive to lead the company through its next phase of construction and power delivery, highlighting his 40 years of experience in large, complex projects and his familiarity with Fermi from his board tenure.