Philadelphia Flyers President Paul Holmgren has stepped down to become a senior adviser for the franchise.

General manager Chuck Fletcher becomes president of hockey operations in a related move. Fletcher reports directly to Comcast Spectacor Chairman and CEO Dave Scott.

Holmgren has been a Flyers player, assistant coach, head coach, general manager and president for 40 years. Scott says Holmgren has earned a place among the organization's all-time greats.

Philadelphia hired Fletcher seven months to replace the fired Ron Hextall in the hopes of winning the Stanley Cup for the first time since 1975. Fletcher previously was a general manager for the Minnesota Wild and worked for a handful of NHL teams.

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