EDMONTON, CANADA (WOOD) — Longtime Red Wings executive Ken Holland officially has a new job with another NHL team.

On Tuesday, Daryl Katz, the owner of the Edmonton Oilers, announced that Holland would officially take over as president and general manager for the organization.

“[Holland] will have full autonomy as general manager,” Katz said during Tuesday’s press conference.

The Oilers have a long-winded history of underperforming, despite having an abundance of top talent, including Connor McDavid, who is hailed by many as one of hockey’s greatest current players.

Holland’s executive career began with the Red Wings in 1997, when he was promoted from assistant general manager.

From there, Holland would play a pivotal role in restoring the franchise. Under Holland’s leadership, the Red Wings went on to win the Central Division 10 times, the regular season conference title five times, the Presidents’ Trophy four times, and the Stanley Cup Championship three times.

The move comes just weeks after the Red Wings announced that Steve Yzerman would assume the role as general manager, with Holland moving into a higher-up executive position.

Holland had previously vocalized his interest in staying a GM.

According to reports from TSN, Holland’s contract with the Oilers is five years long, paying him around $5 million per year.