Luxury ETG supplier Interblock has announced that long-time CEO John Connelly has stepped down from the role as part of what the company is calling a “CEO transition”.
Bala Ganesan, Interblock’s former interim Chief Operating Officer and a Managing Director at Oaktree Capital Management, L.P. will serve as interim CEO while a comprehensive search is conducted for a permanent successor, it added. Oaktree-advised investment funds own a majority of the equity interests in Interblock.
“As the Company enters its next phase of growth and innovation, the Board is focused on building a world-class, scalable operating platform and ensuring Interblock is led by the right executive to capitalize on emerging opportunities and sustain its strong growth trajectory,” said Interblock board member David Quick.
