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Willa Ford and Husband to Divorce

08/07/2012 at 02:00 PM EDT

Willa Ford, Mike Modano Divorcing
Mike Modano and Willa Ford
Axelle/Bauer-Griffin
Willa Ford and husband Mike Modano, who married in Athens, Texas, in 2007, are going their separate ways.

"It is with great sadness that after five years of marriage, Willa and Mike have decided to divorce," they tell PEOPLE in an exclusive joint statement through her rep. "They remain friends and wish each other success and happiness."

Ford, 31, and Modano, 42, who retired from the NHL's Detroit Red Wings last year after spending most of his hockey career with Dallas Stars, were together for more than four years before becoming engaged in 2006 and marrying the following year before 75 guests at a private ranch.

Ford, who competed on season 3 of Dancing with the Stars, currently appears in the Starz original drama Magic City.

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