NFC Times Exclusive – Sequent Software, a supplier of mobile wallets, TSM and host-card emulation products, has appointed an interim CEO, replacing Robb Duffield, who stepped down earlier this month after having served as CEO for the Silicon Valley-based vendor for just under three years.

Sequent board member David Haines, of California-based venture capital firm Jado Investments, an original investor in 5-year-old Sequent, has been named interim CEO. Haines declined to say why Sequent made the change when asked by NFC Times, citing personnel policy. He also did not say whether the move signals a change in strategy or structure for the vendor, which cannot yet boast of a major deployment for its technology. It’s Sequent's third CEO since its founding in 2010, following appointment of its first CEO, Drew Weinstein. 

Mircea Mihaescu, general partner in SBT Venture Capital, another major investor in the firm, told NFC Times an announcement regarding the CEO post would come soon, but referred questions to Haines.