Ken Holland, in the center, is billed as the new Oilers Executive Director by Vice President Bob Nicholson, left, and owner Daryl Katz. (Photo: Jason Franson, Associated Press)

Ken Holland was introduced Tuesday afternoon as the new President of Hockey Operations and General Manager of the Edmonton Oilers, ending a more than three-decade tenure with the Detroit Red Wings.

Holland, 63, was replaced last month by Steve Yzerman as general manager of the Red Wings and was promoted to executive vice president. But the move to the second floor was short-lived for Holland, who wanted to remain an active day-to-day decision maker for an NHL organization.

The Oilers signed a five-year contract with Holland for $ 25 million.

"When it 's about hiring someone with experience, credibility and authority, and having a significant impact, that' s all. is what we need, no one is coming, "said Oilers owner Daryl Katz at the press conference on Tuesday in Holland. "We have hired him for what he can do for the Oilers at the present time and in the years to come.

"Ken demands respect from players, scouts, all players in the hockey world and knows how to create a culture of victory."

Holland expressed his thanks to the Ilitch family, the owners of the Wings, and senior vice president Jimmy Devellano, who hired and coached Holland during his stay with the Wings.

Holland went to Sweden two weeks ago to explore the U-18 world championships with Yzerman and various members of the Wings front office.

"When I was there, I realized that I had the passion, the energy, the enthusiasm and the desire to continue to be general manager of the NHL." said Holland.

Bob Nicholson, President and Chief Executive Officer and Vice President of the Oilers, made contact with Holland after the junior tournament and the two have regularly agreed.

The Oilers have missed the playoffs of the past 12 seasons, but have undoubtedly the best player in the league in Connor McDavid and several beautiful plays around McDavid, although they are paralyzed by serious wage cap issues.

"My leadership style in Detroit was stability," Holland said. "My job is to bring stability, to find the right people and to believe them on and off the ice, to support them.

"The key parts are here."

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