PHILADELPHIA -- 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 ago 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.