CEO and CFO suddenly depart AI nuclear power upstart Fermi

What Happened

Fermi, an AI nuclear power startup co-founded by former U.S. Energy Secretary Rick Perry, experienced sudden departures of CEO Toby Neugebauer and CFO Miles Everson on Monday. The exits triggered a 22% stock decline. Neugebauer remains on the board while Marius Haas assumes chairman role. The company announced restructuring plans as part of Fermi 2.0 initiative.

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