RALEIGH, N.C. -- Bill Peters has resigned as the Carolina Hurricanes' coach after four seasons and no playoff berths.

Peters announced his decision Friday through the team, saying in a statement that "this is a good time to move on."

Peters went 137-138-53 in his lone NHL head coaching job. He had one season left on the contract extension he signed in 2016.

The Hurricanes also are looking for a new general manager after Hall of Fame player Ron Francis was reassigned to another front-office position during the season. Francis hired Peters in 2014.

Carolina's nine-year playoff drought is one of the longest in NHL history.