Announcement of employee leaving to start business

Contact: <contact information>
<release timing>
<DATELINE>–Abc Company encourages the enterprising spirit in all of its employees, and so we are pleased to announce that <departing employee> is leaving the company to begin <his/her> own startup <type of business> company.

<details about person>

A replacement for <last name> has not been determined. For more information, please contact <contact person> at <contact number>.

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