Management ChangeMay 1, 2026, 07:02 AM
OIO Appoints Post-Combination Board & Leadership; Outlines Strategy
AI Summary
OIO Group announced the appointment of its post-combination Board of Directors and executive leadership team, with Norman Choi named Chairman and CEO. This follows the completion of its business combination with De Tomaso Automobili Holdings Limited, marking its evolution as a Nasdaq-listed ultra-luxury mobility platform. The company outlined a strategic roadmap to build a curated platform of ultra-luxury automotive marques, focusing on rarity, craftsmanship, and disciplined capital allocation. De Tomaso principals now hold approximately 95.8% of OIO Group's shares, including Norman Choi's 67.6% stake, subject to lock-up agreements.
Key Highlights
- OIO Group announced the appointment of its post-combination Board of Directors and executive leadership team.
- Norman Choi was appointed as the new Chairman and Chief Executive Officer of OIO Group.
- The appointments follow the completion of its business combination with De Tomaso Automobili Holdings Limited.
- OIO Group outlined a strategic roadmap to become a global ultra-luxury mobility platform anchored by De Tomaso.
- De Tomaso principals collectively hold approximately 95.8% of OIO Group's ordinary shares post-closing.
- Norman Choi holds approximately 67.6% stake in OIO Group.
- Shareholders are subject to lock-up agreements ranging from 6 to 12 months from closing.