Interblock names Kay Oswald Chief Executive Officer

• Interblock initiated a search for a new CEO in February this year
• The company’s Board of Directors confirmed Tuesday the appointment of Key Oswald to the strategic role
• Oswald brings years of leadership experience after overseeing teams in Europe, Asia and North America

The global leader in electronic table gaming products, Interblock, strengthened its team with a new senior-level appointment.

The company said Tuesday it hired Kay Oswald, an executive with decades of leadership experience, to the role of Chief Executive Officer (CEO).

The experienced exec takes the helm at Interblock

Joining Interblock, Oswald assumes the permanent CEO role which was previously held on an interim basis by the Managing Director at Oaktree Capital Management, Bala Ganesan.

It was back in February this year when Interblock confirmed it has initiated a search for a permanent CEO and Oswald’s appointment by the Board of Directors puts an end to this process.

While Ganesan will return to his full-time role at Oaktree Capital Management, he will continue to collaborate with Interblock and ensure the smooth transition of leadership responsibilities.

In a press release, Ganesan commented: "It has been a privilege to lead Interblock during this important period."

Moreover, the CEO on an interim basis pointed out: "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 is delighted to lead Interblock

Overall, Oswald has more than 25 years of international leadership experience in a number of sectors, including hardware, consumer and industrial technology.

Before his appointment as CEO at Interblock, he most recently held the same role at the venture-backed industrial technology company, KOHPA Technologies.

Throughout his career, he was also CEO and Board Member at Technology USA Corp.

While Oswald is from Germany, he built his reputation and career mainly across the United States, leading teams in North America, Australia, Asia Pacific and Europe.

"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," Interblock’s new CEO said.

Oswald added: "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."

David Quick, Oaktree Managing Director and Interblock Board member, welcomed Oswald to the company’s team and praised his track record and experience in leading companies in major markets across the globe.

"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," Quick added.

He thanked Ganesan for his outstanding leadership and contributions as CEO and said it is pleasing to see the executives collaborate for the transfer of leadership responsibilities.

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