 On May 7, 2014, Holmgren was promoted to President of the Flyers and Ron Hextall was named to replace him as the club's seventh General Manager.On September 16, 2014, the NHL announced that Holmgren was named one of two 2014 recipients (along with NHL Deputy Commissioner Bill Daly) of the Lester Patrick Award for his contributions to hockey in the United States.He received the award as part of the U.S. Hockey Hall of Fame Induction Ceremony and Dinner on Thursday, December 4, in Minneapolis.