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Red Wings Give GM Ken Holland New 4-Year Contract

Len Redkoles/NHLI via Getty Images(DETROIT) -- Detroit Red Wings signed executive vice president and general manager Ken Holland to a new four-year contract Thursday that will keep him with the team through the 2017-18 season.

The 58-year-old Holland has been the Red Wings GM since 1997, during which the team has won three Stanley Cup championships. The Red Wings also won a Stanley Cup with Holland as the assistant GM.

“Ken is regarded as one of the premier executives in the National Hockey League and has been instrumental in the success of the Red Wings over the last two decades,” Red Wings owner Mike Ilitch said in a statement. “Marian and I are extremely pleased that he will continue to lead our hockey club over the next four years. We feel strongly that stability is key to the success of any organization and having this new agreement in place with Ken is important to the organization and its future.”

Copyright 2014 ABC News Radio

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