Magic Leap CEO Rony Abovitz is stepping down from his role at the augmented reality (AR) start-up he founded in 2011.
"As the Board and I planned the changes we made and what Magic Leap needs for this next focused phase, it became clear to us that a change in my role was a natural next step," wrote Abovitz.
"I discussed this with the Board and we have agreed that now is the time to bring in a new CEO who can help us to commercialize our focused plan for spatial computing in enterprise. We have been actively recruiting candidates for this role and I look forward to sharing more soon."
Magic Leap did not immediately respond to CNBC's request for comment.