Francis, 63, was promoted from general manager last April following the firing of coach Dan Bylsma. The Kraken, currently 32-34-11 with 75 points, are tied for the fourth-fewest points in the NHL and have lost 10 of their last 11 games. This marks their third consecutive season without a playoff appearance.
"Ron and I agreed that this is the right moment to make a thoughtful transition," said co-owner Tod Leiweke. Francis expressed gratitude for helping build the franchise from its inception: "I am proud of the culture we built, the people we brought together, and the milestones we achieved."