The top NFC executive at struggling chip maker Inside Secure, Charlie Walton, has left the company after seven years to become CEO of Canada-based SecureKey Technologies.
France-based Inside named Pierre Garnier, former vice president and general manager of Texas Instruments' worldwide baseband business, to replace Walton. Garnier will also head Inside’s Secure Payment division, which Walton has done.
Walton’s departure comes at a bad time for Inside, which has seen its share price plummet since its initial public offering in February on continued losses and its reliance on business from troubled handset maker Research In Motion.