McIntire transitions from his role as an independent board member at Fermi, bringing decades of experience from his tenure at CH2M Hill and Bill Gates-backed TerraPower. His appointment signals a strategic shift for the company, which is currently developing Project Matador, an AI campus in Amarillo, Texas, designed to operate on dedicated nuclear power.
Lee McIntire takes helm at AI nuclear startup Fermi
Three months after ousting co-founder Toby Neugebauer, nuclear power firm Fermi has appointed Lee McIntire as its new CEO. The move comes as the company pivots toward the construction phase of its data center infrastructure, seeking to stabilize leadership following a turbulent spring shakeup of its top executive ranks.
Chairman Marius Haas emphasized that the company’s focus has moved from conceptual planning to heavy infrastructure delivery. This leadership change follows a period of instability that saw the departure of both Neugebauer and CFO Miles Everson in April. The market has reacted positively to the news and the recent signing of TensorWave as the project's first binding lease customer, with Fermi’s stock rising nearly 23% since Monday.
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