The Bill Peters era with the Carolina Hurricanes is over.

Peters, who succeeded Kirk Muller as head coach in 2014 and was the first (and, as it turns out, only) major hire of former GM Ron Francis, resigned his position on Friday. He is likely to return to his home province of Alberta, as TSN’s Bob McKenzie among others are reporting that the Calgary Flames are looking to hire Peters as the replacement for the fired Glen Gulutzan.

In a statement released by the team, Peters expressed his appreciation for his time with the Hurricanes. “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.”

Peters was 137-138-53 in four years with the Hurricanes, and failed to make the postseason during his time in charge. At the time of his resignation, he was the sixth-most tenured coach in the NHL. The release from the team is below.

McKenzie reported Thursday afternoon on TSN 1050 Radio in Toronto that the Flames were close to finalizing details to hire Peters. Gulutzan and his coaching staff were fired on Tuesday by Flames GM Brad Treliving, who is a part of the Hockey Canada braintrust that named Peters to coach the Canadian team at the IIHF World Championships in May.

By virtue of the fact that Peters exercised the out clause in his contract, the Hurricanes will owe him no compensation.

Calgary would be a natural destination for Peters, whose hometown of Three Hills, Alberta is roughly 60 miles to the northeast. Peters is familiar with the hockey groundwork of the area as well, spending many years coaching in the Western Hockey League, home of the Flames-owned Calgary Hitmen.

With Peters leaving, McKenzie speculated on Twitter on Thursday that assistant coach Rod Brind’Amour may be a leading candidate to take over the Canes’ head-coaching position. Another possibility, Charlotte Checkers coach and Hurricanes assistant GM Mike Vellucci, will be coaching his team in the Calder Cup playoffs starting Friday and would not be immediately available.

This story will be updated as necessary as the Hurricanes’ coaching search revs up, becoming the sixth team this offseason looking for a new coach.