Oilers CEO Bob Nicholson held a press conference as said, "I want to emphasize again, we got some real good players".
It is expected that assistant general manager Keith Gretzky, Wayne's younger brother, will assume some of the GM responsibilities.
The Detroit Red Wings, with four wins in their previous 19 games, came in and beat the anemic Oilers 3-2 Tuesday night, handing them their third straight loss at home as they finished a six-game Rogers home stand 2-4 against Florida, Arizona, Carolina, Detroit, Buffalo and Calgary with only the Flames in the playoffs.
Edmonton had missed the playoffs in nine consecutive seasons before replacing Craig MacTavish with Chiarelli.
The Oilers are lacking assets and have few players on their roster outside of Connor McDavid, Leon Draisaitl, Ryan Nugent-Hopkins, Oscar Klefbom and Darnell Nurse, who are being touted by other clubs.
The Oilers pulled their goalie early and it paid off with 2:26 left in the third on a point blast from Benning, but they were unable to get the equalizer.
The Oilers reached the playoffs once in Chiarelli's tenure, making the second round in 2017.
Chiarelli traded away Hart Trophy victor Taylor Hall for struggling Adam Larsson. Nicholson said he fired Chiarelli at the end of the second period of Tuesday game against Detroit so he could quietly leave the building.More news: Federal public prosecutor asks court to strike SNC-Lavalin plea for deal
More news: Ellen Shaves Off Super Bowl MVP Julian Edelman's Beard
More news: Ariana Grande Says Grammys Producer Is Lying About Why She's Not Performing
"We have a lot of work to do here in the organization over this break", Nicholson said. We have good leaders.
Nicholson says going forward; the team will be looking to develop players more thoroughly in the American Hockey League before bringing them up to the NHL. Hall won the Hart Trophy as NHL MVP last season.
Zuccarello, 31, is having a nice season for NY, and through 35 games he has 24 points, including eight goals and 16 assists.
"We will look to try to bolster the offence and the defence, but we're not trading away our first-(round draft) pick".
Under Chiarelli's leadership, the Oilers were 137-133-25.
Chiarelli was frequently criticized for not fielding enough talent around McDavid.
The result was 11 losses in their first 20 games that led to the firing of McLellan and later a series of reactionary moves.
Chiarelli had the brilliant idea of signing Drake Caggiula out of North Dakota.
"We looked at the depth of the goalies that would be available next year and we really believe in Mikko", Nicholson said.