Microsoft exec Peggy Johnson joins AR start-up Magic Leap as CEO

Microsoft exec Peggy Johnson joins AR start-up Magic Leap as CEO

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Peggy Johnson, government vice president of enterprise development at Microsoft, speaks through the Wall Road Journal D.Are living world technologies convention in Laguna Seaside, Calif., on Oct. 17, 2017.

Patrick T. Fallon | Bloomberg | Getty Visuals

Microsoft govt Peggy Johnson will sign up for Magic Leap as CEO in August, the company declared Tuesday.

Johnson joins the augmented fact begin-up following top Microsoft’s M&A approach and launching its venture fund as govt vice president of business growth. She was employed by Microsoft CEO Satya Nadella in 2014 after a 24-calendar year vocation at Qualcomm, in which she labored in a number of roles, such as jogging the world wide web companies unit. At Microsoft, Johnson has served as a member of the firm’s senior leadership crew and navigated Microsoft via big partnership specials and acquisitions, together with its $26.2 billion obtain of LinkedIn in 2016.

Magic Leap’s announcement arrives following its founder and CEO Rony Abovitz announced in May perhaps he would action down from the role, expressing in a assertion that with alterations at the corporation, “it grew to become obvious to us that a improve in my job was a natural subsequent move.”

Launched in 2011, Magic Leap was the topic of extensive buzz in its early times, and managed to increase about $3 billion from Alphabet’s Google and other investors. But the firm’s initially product, launched in 2018 for over $2,000, showed reduced ambitions due to the fact the company’s early demonstrations and did not provide very well, and Magic Leap lately pivoted to emphasis on company situations. For the duration of the coronavirus pandemic, Magic Leap introduced in April it would lay off personnel as element of a construction overhaul. The New York Instances described that about 600 of its 1,900 workers had been impacted.

Johnson advised the New York Moments that she was driven to take the job simply because she wished to be a main executive.

Look at: After almost a decade and billions in exterior investment decision, Magic Leap’s initially product is finally available — here is what it really is like

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