Why is this speech being made?

Thank you all for being here today. As you know, we’re here to say goodbye to Ms. Ling, who’s retiring as president after 35 years of service with Axion Electronics. With her hard work and commitment, she has become an inspiration to all staff, from new recruits to the board members. Her interest in innovation has led to the creation of the Axion fund for market research and the commissioning of the new research center. We will all miss her outstanding leadership. Let’s wish her all the best.