Minneapolis, MN (NNCNOW.com) --- Phil "Flip" Saunders was formally introduced on Friday morning as the new Minnesota Timberwolves president of basketball operations and minority owner, confirming several reports from Thursday night. Saunders returns to the Timberwolves organization after having spent 10 seasons (1995-2005) as the team's head coach, leading Minnesota to eight straight postseason appearances and the 2004 Western Conference Finals. "Flip is one of the more experienced and creative minds in basketball," Timberwolves owner Glen Taylor said. "He knows what it takes to win in the NBA and we are confident that he will do what is necessary to lead us to a return to our best days as an organization." The 58-year-old Saunders started with the Timberwolves as general manager in 1995, but he was quickly shuttled to the head coaching role that season in replacement of Bill Blair. "My goal is to help the Wolves achieve the success that we experienced during my first tenure with this organization," Saunders said. "We have a strong nucleus in place and will look to add assets that will allow us to make the playoffs and eventually compete for an NBA championship." Having also coached with Detroit and Washington in the NBA, Saunders has 16 years head coaching experience and has led his teams to 11 postseason appearances and four Conference Finals. Posted by Zach Schneider Bio - Facebook - Twitter - E-Mail