The team announced Peters' hiring Thursday and said he would be introduced Friday during a news conference.
It's the first big hire for new general manager Ron Francis, who took over in April during a reshuffling of the organization.
The 48-year-old Peters spent the past three years working primarily with the Red Wings' defencemen and penalty-killers.
His hiring ends a 46-day search for Kirk Muller's replacement. He was fired May 5 after going 80-80-27 in three seasons. The Hurricanes haven't made the playoffs since 2009 and have made the post-season just once since winning the Stanley Cup in 2006.
It's an incredible feeling just to see it go in and see the Joe go pretty crazy. Ever since the introduction there, I was kind of feeling the nerves, and to put that one home, I started to feel comfortable and I thought my play started to pick up.
— Nineteen-year-old Red Wings forward Dylan Larkin after scoring a goal in his NHL debut
TONIGHT ON NHL NETWORK
6:30 ET: Hockey Central Saturday: Hockey Tonight 7:00 ET: NHL Hockey: MTL @ BOS (Live Game) 10:00 ET: NHL Tonight