The news this week that the Magic Leap patents had been suspended and were now in the hands of JPMorgan Chase threw a dark cloud over the company's top executives leaving the company.
Special effects veteran John Gaeta, Magic Leap's senior vice president of creative strategy, leaves the company. Scott Henry, the company's chief financial officer, is on his way to an exit with Gaeta.
"I would like to let you know that Scott Henry and I have decided together that we must part ways," said Rony Abovitz, founder and CEO of Magic Leap, in one Statement to Business Insider in a report on the departure on late Friday. "Scott's leadership and expertise in financial management and capital raising has been an integral part of Magic Leap's growth and success over the last five years."
Although the company confirmed this in a statement to Next Reality earlier this week, it is currently working on a Series E financing round. The two major changes in management are likely to continue to raise concerns about the future of the company.
"I firmly believe that Magic Leap switched from an IF company to a WHEN company and is destined for success and will continue to shape the space computer market," Henry said in the report. "But it is time to think of a life beyond Magic Leap and Rony, and I agree that it is time for me to take on a consultative role that will enable me to continue to be a friend and partner of the Do not be Company. "