The Detroit Red Wings announced a four-year extension for general manager Ken Holland, which puts the team's general manager under contract through the 2017-18 season.

Financial terms were not disclosed.

The 58-yeard-old Holland has been the team's general manager for 17 seasons, and during his tenure the Red Wings have qualified for the playoffs every season while winning more regular-season games (746) and postseason games (115) than any other NHL franchise. A former player and scout for the Red Wings, Holland has contributed to four Stanley Cup championships - three as the team's general manager (1998, 2002 and 2008) and one as assistant general manager (1997).

"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. "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."