Business
Fermi Says It Terminated Former CEO and Co-Founder
Fermi said Thursday it terminated co-founder and former CEO Toby Neugebauer for cause, an escalation of leadership turmoil at the company that plans to build a giant power and data-center campus in Texas.
In a regulatory filing on Thursday, Fermi said because Neugebauer was being removed for cause, he “was automatically removed from the Company’s board of directors.” Neugebauer couldn’t be reached immediately for comment.
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