April 19, 2019 | 7:40am ET [Updated: 3:02pm ET]
TheFourthPeriod.com

YZERMAN BECOMES RED WINGS GM

 
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Steve Yzerman

 

The Detroit Red Wings announced at a scheduled press conference at 3pm ET that they have introduced Steve Yzerman as the club’s new General Manager and Executive Vice President.

Yzerman replaces Ken Holland, who remains with the club at a Sr. V.P. and has signed a multi-year extension with the club. Holland has one-year remaining on his current contract.

"This is a truly exciting day for the Detroit Red Wings, we are thrilled to welcome Steve Yzerman back to Hockeytown," Red Wings President and CEO Christopher Ilitch said in a released statement. "Steve has produced tremendous results as a General Manager in the National Hockey League, as well as an executive in international competition. He is a smart, driven, competitive and determined executive with outstanding leadership skills, as demonstrated both over his playing and management careers.

“Steve and Ken have proven to be two of the most successful general managers of their era, and to have Steve leading our hockey operations and Ken providing valued support is a tremendous advantage for our organization. I believe we took a strong management team and made it even stronger today."

Holland is in his 22nd season as GM of the Red Wings and his 36th year with the organization. Under his watch, the Wings have won four Presidents’ Trophies (2002, ‘04, ‘06, ‘08), captured 10 division championships (1999, '01, '02, '03, '04, '06, '07, '08, '09, '11), won five regular-season conference titles (2002, '04, '06, '07, '08) and reached at least 100 regular-season points a league-high 13 times in the last 17 seasons (excluding the shortened 2012-13 campaign).

The Red Wings won four Stanley Cup championships (1997, '98, '02 and '08) with Holland as part of the organization, three of which with him as GM.

Yzerman rejoins the Wings after being named their Vice President and Alternate Governor on Sept. 25, 2006 following a lengthy playing career.

Just under three years later, on May 25, 2010, Yzerman joined the Lightning as VP and GM, guiding Tampa to the Stanley Cup Final in 2015. Yzerman won GM of the Year that season.

"I'm extremely honored to be named General Manager of the Red Wings," said Yzerman. "I'm very grateful to the Ilitches, both for their support when I left to become General Manager of the Lightning, and for their kindness in welcoming my family and me back to the organization. I'd also like to thank Ken Holland. I was fortunate to learn the management side of the game from Jim Devellano, Ken and others in the Red Wings organization for four seasons after I retired, and I'm very happy to have the opportunity to work alongside them once again. It was very humbling to be approached about returning home to become General Manager, and I'm looking forward to building on the exciting young core Ken has already put in place."