Interblock has appointed Kay Oswald as chief executive officer following a search that began in February 2026. He succeeds Bala Ganesan, managing director at Oaktree Capital Management, who had been serving as interim CEO.
Ganesan will return to his full-time role at Oaktree and continue working closely with Interblock during the leadership transition. Investment funds advised by Oaktree own a majority of Interblock’s equity interests.
Oswald brings more than 25 years of international leadership experience across consumer products, hardware and industrial technology. He has managed businesses and teams across North America, Europe, Asia-Pacific, Latin America and Australia.
He most recently served as CEO of KOHPA Technologies, a venture-backed industrial technology company. Oswald previously served as CEO and a board member for the North American business of Technogym, a manufacturer of premium fitness equipment.
His experience includes global manufacturing, supply chain operations and the development of premium hardware businesses. Interblock expects that background to support its efforts to expand internationally and accelerate product innovation.
Interblock develops and supplies electronic table gaming products for casinos and other gaming operators. These systems use automated or electronically assisted technology to offer table games while supporting different operating formats and customer experiences.
The company plans to focus on expanding its presence in key geographic markets while strengthening its relationships with customers and commercial partners. Oswald will also oversee operational execution and continued investment in Interblock’s product portfolio.
Interblock said its leadership team has strengthened the company’s operating disciplines and execution during Ganesan’s interim tenure. The board believes Oswald is positioned to build on that foundation and guide the company through its next phase of growth.
Interblock currently holds 247 licenses and operates across 371 jurisdictions. Its products are installed in 113 countries and 44 U.S. states and territories.
KEY QUOTES:
“Kay is a proven global operator with a track record of building disciplined, scalable businesses across North America, Europe, Asia-Pacific, and Latin America. Following a rigorous search, the Board is confident Kay is the right leader to build on the world-class operating platform established over the past year and to capitalize on Interblock’s global growth opportunities including expanding our footprint across key regions and accelerating innovation in our product portfolio.”
“On behalf of the Board, I want to thank Bala for his outstanding leadership as interim CEO. He strengthened Interblock’s operating disciplines, leadership bench, and execution across the business, and the Company Kay inherits is stronger than at any point in its history. We are pleased that Bala will remain closely involved with Interblock in his role at Oaktree.”
David Quick, Managing Director at Oaktree Capital Management and Interblock Board Member
“Interblock is an exceptional company, which is the product of a talented global team, industry-leading innovation, and the disciplined operating platform Bala and the leadership team have been building over the last several months.”
“This is a new Interblock, and I am honored to lead the company into its next phase of global growth. I look forward to delivering operational excellence and strengthening our relationship with our customers and partners in every market we serve.”
Kay Oswald, CEO of Interblock
“It has been a privilege to lead Interblock during this important period. 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.”
Bala Ganesan, Managing Director at Oaktree Capital Management and Former Interim CEO of Interblock
