Toby Neugebauer publicly supports John Sellers, associated with Double Eagle, as Chairman and CEO of the company behind Fermi 3.0. In his statement, Neugebauer reiterates confidence in “Project Matador,” saying he remains bullish about the project’s prospects. He also indicates a long-term view of the effort, including personal interest in visiting the site in 2035.
Neugebauer’s comments also address internal leadership and continuity, arguing that the current Board and management team pose risks of value destruction during the campaign. He cites staffing and leadership gaps, including the company’s reported failure to replace nine senior executives who left Fermi after a certain period following their departure. The PR release frames this as a concern over management capability and execution while the project advances.
Overall, the outlet describes a contested leadership direction for Fermi 3.0, with Neugebauer calling for a change in top leadership while emphasizing continued optimism about Project Matador’s future.
