OIO Group Installs New CEO and Secures 95.8% Stake Post-Combination
OIO•OIO Group completed its business combination with De Tomaso Automobili, appointing Norman Choi as Chairman and CEO and installing a post-combination board with De Tomaso principals holding 95.8% of shares. The company unveiled a strategic roadmap to build a global ultra-luxury mobility platform focused on low-volume, high-value programmes.
1. Leadership and Ownership
Following its business combination with De Tomaso Automobili, OIO Group named Norman Choi as Chairman and Chief Executive Officer and finalized its post-combination Board of Directors. De Tomaso principals collectively own approximately 95.8% of OIO’s issued shares, subject to 6–12 month lock-up agreements.
2. Strategic Roadmap
The board outlined a platform strategy anchored by De Tomaso, targeting rare marques, specialist engineering capabilities and collector-focused programmes. OIO plans to evaluate acquisitions, partnerships and investments across ultra-luxury automotive niches, prioritizing analogue engagement, authenticity and disciplined capital allocation.
3. Execution Priorities
Near-term milestones include establishing De Tomaso as the anchor brand, advancing initial vehicle deliveries with an emphasis on craftsmanship and brand integrity, and developing a disciplined framework for future acquisitions and partnerships. The company aims to translate strategic principles into tangible customer programmes and delivery readiness.
