Magic Leap, a US-based augmented reality device maker, has hired experienced corporate venturers John Doherty (pictured) and Walter Delph to strengthen its board under new CEO, Peggy Johnson.
Doherty, who spent five and a half years as senior vice-president (SVP) for corporate development and president and chief investment officer at Verizon Ventures, US phone operator Verizon’s corporate venturing unit, has become chief financial officer (CFO) at Magic Leap.
Before his corporate venturing leadership role, Doherty, a GCV Powerlist award winner, had been CFO at Verizon.
Delph, previously a partner and managing director at BCG Digital Ventures, management consultancy Boston Consulting Group’s corporate venture capital firm focused on innovation, product development and early-stage investing, has become Magic Leap’s SVP and chief business officer, including strategy, marketing, corporate communications, sales, business development, and mergers and acquisitions.
Johnson took over as CEO in August, following a $350m round in May for Magic Leap, which has raised about $3bn from multiple corporate investors over nearly a decade.
