Francois Giguere announced as Avs new GM

DENVER (Ticker) - Francois Giguere is returning to his roots.
Giguere was named the new general manager-executive vice president of the Colorado Avalanche on Wednesday.
The move comes less than two weeks after Pierre Lacroix resigned as the club's GM.
In Colorado, Giguere takes over a team that finished second in the Northwest Division with 95 points and was swept in the Western Conference semifinals by the Mighty Ducks of Anaheim.
"When we listed all the necessary attributes for this position, one name became clear in our mind," said Lacroix, who has remained the club's president. "Francois embodies all the requirements a strong executive needs in today's NHL. His knowledge of our industry and its many complicated elements together with his understanding of this organization and our expectations each season make him an ideal candidate to lead this franchise in the coming years."