Magic Leap has appointed Microsoft executive Peggy Johnson as its new chief executive officer, replacing Rony Abovitz.

Johnson was previously executive vice president of business development at Microsoft. In an interview with the New York Times (NYT), she said the time was right amid the Covid-19 pandemic to explore the promise of spatial technology, comparing it with the early bubble of cellular technology and cloud computing.

"It just feels to me that it's at that same...