CEO Toby Neugebauer departs; CFO Miles Everson appointed to board

Fermi Inc.

CEO Toby Neugebauer left April 17, 2026; interim Office of the CEO formed with COO Jacobo Ortiz and board observer Anna Bofa.
Board expanded from five to seven directors; CFO Miles Everson appointed per Director Nomination Agreement.
Company to search for permanent CEO; further details expected April 20, 2026.

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