Magic Leap's new CEO Peggy Johnson.

Summary List Placement

Magic Leap is in a bad state. The augmented reality startup, once flush with cash and bursting with hype, has spent the past year laying off employees and restructuring its business.

In May, CEO Rony Abovitz announced he would step down and help the board search for his replacement. Just over a month later, Microsoft executive Peggy Johnson was appointed to charter a new course for Magic Leap that will be focused on enterprise.

But she won’t be alone. As Magic Leap enters its new phase, it’s stacking its new leadership team with long-term insiders and outside talent. Johnson has also introduced a more traditional set of corporate titles, Business Insider has learned.

We’ve identified nine key people leading Magic Leap as it attempts to recalibrate and recapture some of the hype.

Peggy Johnson – Chief Executive Officer

Peggy Johnson has leapt over from Microsoft, where she served as its vice president of business development. She officially took the reins in August, and in the time since has been rounding out her new leadership team while charting a new course for the company.

Johnson was well-recognized for her work forming (and sometimes repairing) Microsoft’s business relationships, and will refocus Magic Leap’s goal …read more

Source:: Businessinsider – Tech


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