Photo By Stephen McCarthy/Sportsfile via Getty Images
Magic Leap has appointed Peggy Johnson, a former Microsoft executive, as its new CEO. Johnson will begin leading the company on August 1st, replacing current CEO and company co-founder Rony Abovitz. Her appointment is part of the struggling mixed reality company’s move toward business customers and away from consumer entertainment and personal computing.
Johnson was Microsoft’s executive vice president of business development as well as the head of its venture capital fund M12. She told The New York Times that she reached out to Abovitz about the job after he announced plans to step down in May. It’s not yet clear what role Abovitz will play after the transition, but he’s previously said he will provide “strategy and vision” through…