Interblock Announces CEO Transition as Company Enters Next Growth Phase
Interblock has announced a leadership transition as the company prepares for its next phase of growth. The company confirmed that John Connelly has resigned as Chief Executive Officer, and that Bala Ganesan has been appointed interim CEO while a permanent successor is identified.
According to Interblock, the transition supports its strategy of developing a scalable operating platform as it continues to invest in product innovation and market expansion.
Leadership Transition
The Board of Directors acknowledged Connelly’s role in guiding Interblock through a period of growth and organisational development. David Quick expressed appreciation for Connelly’s leadership and contribution to shaping the company’s long-term direction.
Quick stated that as Interblock enters a new phase, the Board is focused on executive leadership capable of driving sustainable growth and unlocking new market opportunities.
Oaktree Capital Management-advised investment funds, which hold a majority equity stake in Interblock, welcomed the appointment of Ganesan. He previously served as interim Chief Operating Officer between 2024 and 2025 and is currently a Managing Director at Oaktree.
Background of the Interim CEO
Ganesan brings experience in operational transformation, commercial strategy, and executive leadership. Prior to joining Oaktree, he held senior roles at Yum! Brands, Kimberly-Clark Corporation, and Mattel, Inc., where he worked on large-scale growth and digital transformation initiatives. He also spent time at McKinsey & Company, advising multinational organisations across multiple industries.
Interblock stated that Ganesan’s prior involvement with the company provides continuity and familiarity with its operational framework. In a company statement, Ganesan noted that Interblock is well positioned for continued growth, supported by its product innovation and customer relationships.
Strategic Continuity
The Board confirmed that an executive search firm has been engaged to identify a permanent CEO. In the interim, Interblock will continue executing its strategic priorities without disruption.
Closing
The leadership transition reflects a shift to the next phase of growth rather than a change in strategy. Interblock reiterated its commitment to delivering high-performance electronic table gaming solutions and maintaining strong customer partnerships as the search for a permanent CEO progresses.
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