Carolina Hurricanes head coach Bill Peters resigns

RALEIGH, N.C. (WTVD) -- The Carolina Hurricanes announced Friday that head coach Bill Peters has resigned his position.

The team will immediately begin its search for a new head coach.

Peters compiled a career record of 137-138-53 in four seasons, after being named head coach for the Hurricanes on June 19, 2014.

Raw video: Hurricanes owner Tom Dundon speaks with ABC11's Bridget Condon after Bill Peters steps down.

"I want to thank Tom Dundon, Peter Karmanos and Ron Francis for the trust they put in me to lead the team," said Peters. "I feel the incoming general manager should have the ability to hire his own head coach. I also want to thank Don Waddell and the entire front office and PNC Arena staff. This business requires hard work and long hours, and I greatly appreciate the efforts of the many people I have worked alongside during the past four years.

"We enjoyed our time in Raleigh, and my family will always feel a connection to North Carolina. I feel like this is a good time to move on, and I am looking forward to my next challenge."

Raw video: Hurricanes president Don Waddell speaks to ABC11's Bridget Condon after Bill Peters steps down as coach.

Related Story: A walk inside PNC with new Canes owner Tom Dundon

ABC11's Bridget Condon walks and talks with new Hurricanes owner Tom Dundon inside PNC arena.