Fermi Board Rules Changed to Block Ex-CEO

Texas data-center developer Fermi Inc. has implemented changes to its board appointment rules, effectively thwarting the former CEO's attempts to reconstitute the company's leadership. This strategic move by the current board aims to maintain its existing composition and direction, preventing the ousted executive from regaining influence through board control. The company's decision highlights internal governance struggles and a decisive action to protect its current operational strategy from potential disruption by its former leader. This development signals a significant internal conflict within Fermi Inc. regarding its future leadership and strategic path.