July 7, 2020 03:33 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/wkuMBM6P9LQ/microsoft-exec-peggy-johnson-joins-troubled-augmented-reality-startup-magic-leap-as-ceo
Microsoft Exec Peggy Johnson Joins Troubled Augmented Reality Startup Magic Leap as CEO
Microsoft executive Peggy Johnson will join Magic Leap as CEO in August, the startup announced Tuesday. From a report: Johnson joins the augmented reality start-up after leading Microsoft's M&A strategy and launching its venture fund as executive vice president of business development. She was hired by Microsoft CEO Satya Nadella in 2014 after a 24-year career at Qualcomm, where she worked in several roles, including running the internet services unit. At Microsoft, Johnson was a member of the company's senior leadership team and navigated Microsoft through major partnership deals and acquisitions, including its $26.2 billion purchase of LinkedIn in 2016. Magic Leap's announcement comes weeks after founder Rony Abovitz announced in May he would step down as CEO, saying "it became clear to us that a change in my role was a natural next step." Founded in 2011, Magic Leap was the subject of extensive hype in its early days, and managed to raise about $3 billion from Alphabet's Google and other investors. But the company's first product, released in 2018 for over $2,000, showed lowered ambitions since the company's early demonstrations and did not sell well.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/wkuMBM6P9LQ/microsoft-exec-peggy-johnson-joins-troubled-augmented-reality-startup-magic-leap-as-ceo
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