Mark McLoughlin believes the front office, not the football field, is best position to help rebuild the Calgary Stampeders.

At a news confrence in Calgary on Tuesday, the Stampeders announced McLoughlin is retiring and will take over as the club's president.

McLoughlin, who signed a three-year deal with the Stamps, replaces Stan Schwartz who served as Stamps president since 1996. Schwartz has been offered a new job as chief operating officer.

"We've got to turn this franchise around," explained the 37-year-old McLoughlin on Monday.

The once-proud Stampeders are struggling through a dismal campaign. On Monday, Calgary notched just its third win of the season, a surprise 28-22 victory over hated provincial rivals, the Edmonton Eskimos.

The win helped the Stampeders halt a six-game losing skid and avoid matching the franchise's record for consecutive losses set in 1976.

Calgary's third-round draft pick -- 20th overall -- in 1988, McLoughlin has more 2,900 points in his career. Legendary placekicker Lui Passaglia, who counted 3,895 points over 25 seasons with the B.C. Lions, has scored the most points in the history of the CFL.

"Mark has proven ability on and off the field, he has always been Mr. Stampeder," said owner Michael Feterik.

McLoughlin appeared in six Grey Cups, winning three times.

One of his brightest moments came at the 1998 championship game, when his clutch 35-yard field goal as time expired clinched a 26-24 over the Hamilton Tiger-Cats and the Grey Cup.