It's official: Hockey Hall of Fame member and Team Canada Olympian Brendan Shanahan is the newest president of the Toronto Maple Leafs.

Shanahan has taken over the role of president and alternate governor of the popular NHL franchise, Maple Leaf Sports and Entertainment (MLSE) said in a statement Friday morning.

After a 27-year career as an NHL player and league executive, Shanahan has resigned from his position as the league's senior vice president of player safety in order to focus on his new role overseeing the Leafs' team operations.

Shanahan earned three Stanley Cups with the Detroit Red Wings, and won gold medals with Team Canada at the 1994 World Championships, 2002 World Olympics, and the 1991 Canada Cup. He was inducted into the Hockey Hall of Fame on July 9 of last year.

"Throughout his career, Shanahan established himself as an important voice for the game of hockey, not only for his on-ice credentials, but for his leadership qualities off the ice," according to the statement released Friday.

He's an eight-time NHL All Star, and joined the league's head office in December 2009 as vice president of hockey and business development. He also served as the league's chief player disciplinarian for three seasons.