Interblock appoints Kay Oswald as Chief Executive Officer.

Interblock, renowned as the global leader in electronic table gaming products, has bolstered its team by appointing a new senior executive. On Tuesday, the company announced that Kay Oswald, an executive with decades of leadership experience, has been hired as its Chief Executive Officer (CEO).

Oswald has joined Interblock as the permanent CEO, taking over from Bala Ganesan, the Managing Director at Oaktree Capital Management, who previously held the position on an interim basis. Interblock announced the search for a permanent CEO back in February. With Oswald's appointment by the Board of Directors, this search has come to a close. Though Ganesan will return to his full-time duties at Oaktree Capital Management, he will still work with Interblock to ensure a smooth transition of leadership. In a press release, Ganesan remarked, It has been a privilege to lead Interblock during this important period. He also noted, Kay's global experience and operational rigor make him the ideal leader for the Company's next chapter. I look forward to continuing to support Kay, the leadership team, and our people around the world in my role at Oaktree.

Oswald boasts over 25 years of international leadership experience across various sectors, including hardware, consumer, and industrial technology. Before stepping into his role as CEO at Interblock, he held the same position at KOHPA Technologies, a venture-backed industrial tech firm. Throughout his career, Oswald has also served as CEO and Board Member at Technology USA Corp. Originally from Germany, Oswald made his mark primarily in the United States, leading teams in North America, Australia, Asia Pacific, and Europe. Interblock is an exceptional company built by a talented global team, driven by industry-leading innovation and the strong operational platform Bala and his team have developed over the past several months, said Interblock’s new CEO. Oswald expressed his excitement: This is a new era for Interblock, and I am honored to lead the company into its next phase of global growth. I look forward to achieving operational excellence and strengthening our relationships with customers and partners worldwide. David Quick, Oaktree Managing Director and Interblock Board member, welcomed Oswald to the team, commending his impressive track record in leading global companies. After a thorough search, the Board is confident that Kay is the right leader to build on the world-class platform established this past year and to seize Interblock’s global growth opportunities, Quick added, mentioning plans to expand the company’s presence and accelerate product innovation. Quick also expressed gratitude to Ganesan for his exceptional leadership as CEO and was pleased to see the executives working together for a smooth transition of leadership responsibilities.