Kroenke, who is also president of the Denver Nuggets, said that Lacroix, who will be a team adviser, has been a mentor for him and believes he will still be an important resource to the team.
"A few years ago, Pierre Lacroix expressed his wishes to relinquish the title of president," Kroenke told the paper. "At that time, we felt Pierre should keep the title of president while I gained experience. Pierre will continue to be a valuable resource for all of us."
Meanwhile, after much speculation, the team also announced on Friday that former team captain Joe Sakic, who has been an executive adviser with the Avalanche for the past two seasons, has been promoted to executive vice president of operations. Sakic is filling the vacancy left by Eric Lacroix, who stepped down at the end of this season.
Sakic, a Hall of Famer and thirteen-time all star, spent his entire career with the Colorado Avalanche, leading the team to two Stanley Cup titles.
"Joe will be in charge of all hockey-related decisions moving forward," Kroenke said. "With his credentials, presence and knowledge of the game, Joe will be a key ingredient in making sure that together we reach our future goals."
Greg Sherman will remain in the general manager role and will continue to be in charge of contract negotiations.
This all comes after Joe Sacco was relieved of his coaching duties in late April. The Avs have yet to find a replacement for Sacco, but given Joe Sakic's new role he will likely have a large say once he officially assumes his position.
As for other offseason priorities, Colorado is preparing for the upcoming draft, in which they have the first overall pick. The team is likely to Portland Winterhawks defenseman Seth Jones.