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Leadership with a long track record in delivering complex infrastructure may reduce execution risk on Matador, a key valuation driver; markets typically reward credibility in large-scale EPC-like projects, though actual financials are still pending.
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Fermi named Lee McIntire, a 40-year veteran of Bechtel, CH2M Hill, and TerraPower, as CEO to lead the Matador private-grid build. The appointment reinforces a focus on disciplined, on-budget delivery as FRMI transitions from development to construction and first power. Investors should monitor project milestones, financing terms, and regulatory progress for near-term valuation impact.
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