Toby Neugebauer has departed his role as Chief Executive Officer of Fermi Inc. effective April 17, 2026. An Interim Office of the CEO has been established, consisting of COO Jacobo Ortiz and Board observer Anna Bofa. The company is initiating a search for a permanent CEO, with further details expected on April 20, 2026. CFO Miles Everson has been appointed to the Board of Directors following a nomination by the MN Trust. The Board of Directors has increased in size from five to seven members.