Trump-branded data center project CEO departs

The Hill reports that Toby Neugebauer, CEO and co-founder of Fermi America—a Texas-based data center campus project branded with Trump's name—resigned Friday, according to a securities filing, amid leadership restructuring at the firm. The article provides the core fact and source type (SEC filing) but lacks specifics on reasons for departure, forward leadership plans, or Neugebauer's statement, limiting depth. Axios corroborates the resignation and adds material context: the project faces "delays and logistical hurdles" that threaten completion, and Neugebauer previously led a Peter Thiel-backed bank that failed in 2022—background that The Hill omits. The broader data center landscape shows significant headwinds: NPR reports growing political backlash against data center construction in rural communities, with voters unseating local officials who support them, and Maine is near passing an 18-month moratorium, suggesting Fermi's challenges reflect industry-wide friction over power demand and local opposition. Watch for announcements of Neugebauer's replacement, any revisions to the project timeline, and whether regulatory or community opposition in Texas accelerates or further complicates the plan's execution.