He is the 17th captain in Flyers history.
Richards finished last year, his third season with the black and orange, with 28 points, 47 assists, and a team-leading 75 points.
Last season, the Kenora, Ontario born forward was also rewarded with a 12-year contract extension.
Simon Gagne and Kimmo Timonen were named alternate captains.
Richards will be wearing the C when the Flyers face the Devils Monday, September 22.
