For the majority of the Flyers 52-year existence, Paul Holmgren has had a role with the organization -- from player to coach to executive.

Holmgren has spent the last five years as Flyers President, but will be taking on a new role. The Flyers announced that Holmgren will move to a new role as Senior Advisor to Dave Scott, the Chairman and CEO of Comcast Spectacor and the Governor of the Flyers, and to Flyers GM Chuck Fletcher.

As a result of this, Fletcher now takes over the role of President of Hockey Operations and general manager. Fletcher will report directly to Scott.

"It's been an honor to serve this franchise in many different roles throughout my life and I look forward to this next chapter," Holmgren said in a press release. "I approached Dave about my idea to step aside to spend more time with my family. I have complete confidence in Chuck in his new role, leading the Flyers to great things. The Flyers have given so much to me and my family over the years, and I have forged life-long friendships with the many players, coaches, employees and fans who have helped me make Philadelphia home for over 40 years. I would like to thank Dave and Chuck for their efforts to lead this franchise into a bright future and for their continued confidence in me as I take on this new role."

"Paul has been an invaluable leader within the Flyers family for more than 40 years, and instrumental in placing the organization in a strong position for future success," Scott said in a press release. "Paul has earned a place among the organization’s all-time greats and certainly fits the role exemplified by our late Chairman, Ed Snider: 'A Flyer Forever.'"

Last season was Holmgren's 40th with the Flyers organization. He was a player from 1975 to 1984, an assistant coach from 1985 to 1988, head coach from 1988 to 1992, director of pro scouting from 1995 to 1999, assistant general manager from 1999 to 2006, general manager from 2006 to 2014 and president for the last five years from 2014 to 2019.

Holmgren was also honored with the Lester Patrick Trophy in recognition for his outstanding service to USA hockey in 2014.

Kevin Durso is Flyers insider for 97.3 ESPN and Flyers editor for SportsTalkPhilly.com. Follow him on Twitter @Kevin_Durso.