End of an era: John Connelly steps down as Interblock CEO

Interblock has announced a leadership transition as the company begins what it describes as its next phase of growth. The global supplier of luxury electronic table gaming products confirmed that Chief Executive Officer John Connelly has stepped down, with the Board appointing Bala Ganesan as Interim CEO.

Ganesan, who previously served as Interblock’s interim Chief Operating Officer, is also a Managing Director at Oaktree Capital Management. His appointment comes as the company initiates a comprehensive search for a permanent Chief Executive.

Board member David Quick said the transition reflects Interblock’s focus on strengthening its operating platform and ensuring the company is positioned to capitalise on new opportunities in the gaming technology sector. He emphasised that Interblock aims to maintain its strong growth momentum.

Ganesan brings more than two decades of leadership, transformation and commercial experience. At Oaktree, he has served on the Portfolio Transformation team since 2017. Before joining the investment firm, he led major growth and digital transformation initiatives at Yum Brands for Taco Bell. His earlier career includes corporate strategy and business revitalisation roles at Kimberly Clark and Mattel, along with leadership positions at McKinsey advising Fortune 500 companies across multiple industries.

“Interblock is exceptionally well positioned for continued growth, underpinned by a talented team, industry-leading innovation, and strong customer partnerships,” said Mr. Ganesan. “I am honored to support the Company during this transition and remain focused on serving our customers and partners.”

Quick added that Ganesan had already demonstrated significant operational expertise and deep industry understanding during his previous tenure as Interim COO, and that the Board has full confidence in his ability to guide the company in the Interim.

Interblock confirmed that it has retained an executive search firm to identify its next permanent CEO. The company said it remains committed to its strategic initiatives and to delivering the high-quality products and services for which the Interblock brand is known.