NFC Times Exclusive Insight – Inside Secure, an early NFC chip supplier, which has since focused on embedded security, has replaced its long-serving CEO Rémy de Tonnac with smart card industry veteran Amedeo D’Angelo, hoping to turn around chronic losses and a plunging share price.
France-based Inside, which has seen its share price hit historic lows this year, announced the move today, effective immediately, after markets closed in Europe. De Tonnac will stay on as an advisor, said Inside, which also announced the resignation of chief operating officer Pierre Garnier.
Inside did not disclose any details of plans by D’Angelo or the board to shift strategy or restructure the troubled vendor, or whether D’Angelo’s tenure is expected to be relatively short one, as some of his past executive posts have been. Some observers believe he may have been hired to prepare Inside for possible sale.