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Fermi, the AI nuclear power firm, has named a new CEO more than three months after firing<\/a> co-founder Toby Neugebauer from the top executive post.<\/p>\n Fermi said Wednesday it has hired Lee McIntire, an independent member of the company\u2019s board who has held chief executive positions at CH2M Hill and TerraPower<\/a>, the nuclear power startup founded by Bill Gates.<\/p>\n Fermi America, which was co-founded by former U.S. Energy Secretary Rick Perry, is developing an AI campus in Amarillo, Texas, called Project Matador that will eventually use nuclear reactors to power data centers.<\/p>\n The announcement, along with Monday\u2019s news that it had signed TensorWave as its first binding customer lease for its Project Matador campus, provided a welcome boost to Fermi\u2019s stock. (The stock is up nearly 23% since Monday.) The young company took a hit in April when Neugebauer and CFO Miles Everson were pushed out of the company. At the time, the company described the executive shakeup, along with other plans including a corporate headquarters in Dallas, as\u00a0Fermi 2.0<\/a>.<\/p>\n \u201cFermi\u2019s next chapter is a construction and power delivery story, and we believe Lee is the ideal executive to lead Fermi through that process,\u201d Marius Haas, Fermi\u2019s chairman of the board, said in a statement. \u201cThe job now is to build on schedule, on budget, and safely. Lee has spent 40 years delivering exactly this kind of large, complex project. He also knows Fermi from the inside, having served on our board through our latest period of growth, and he brings a reputation for integrity that Fermi\u2019s customers, employees, regulators, and neighbors can rely on.\u201d<\/p>\n<\/div>\n