No contract extension for Edmonton Oilers GM Ken Holland

Ken Holland and the Edmonton Oilers are parting ways.

In a statement Thursday, Jeff Jackson, the Oilers' CEO of hockey operations, thanked Holland for his time as general manager of the National Hockey League club.

"The Edmonton Oilers and Ken Holland have mutually agreed that his contract will not be extended beyond the end of its current term," Jackson said.

"Over the past five seasons as general manager, Ken has not only built the Edmonton Oilers into one of the NHL's best teams, he has also established a deeply rooted foundation of success and a culture of winning that will continue well into the future."

"We wish Ken, Cindi and his entire family the very best and thank him for his leadership and contributions to the Oilers organization and the City of Edmonton."

Holland, 68, has been Edmonton's GM and president of hockey operations since May 2019.

The Oilers lost Game 7 of the Stanley Cup final Monday to the Florida Panthers.

Jackson will speak with the media today at 11:30 a.m. MT.

More to come