AR startup Magic Leap appoints Microsoft exec Peggy Johnson as CEO

Augmented reality startup Magic Leap has appointed Microsoft Executive VP of Business Development Peggy Johnson as its new CEO. Johnson will be joining Magic Leap on August 1. She had worked at Qualcomm for 24 years before joining Microsoft. Earlier in May, Magic Leap's Founder and CEO Rony Abovitz had announced that he would be stepping down from his position.