Red Wings executive vice president and general manager Ken Holland has signed a new two-year deal, putting a halt to speculation that his tenure would end following two straight seasons outside the playoffs.

"Ken has been integral part of four Stanley Cup championships," team governor Chris Ilitch said in a statement. "He started out as a scout. Many of the players he scouted became integral to our success. He is tremendous evaluator of talent at our core. When I fly in an airplane, I love doing it with a pilot who has done it before. Ken has done it before."