Hall of Famer Nolan Ryan who had his authority lessened during a spring training reorganization of the front office will retire as chief executive officer of the Texas Rangers on Oct. 31.

“This is the right time for me to step down from my role of overseeing the Rangers organization” Ryan said in a statement provided by the club. ``I am extremely proud of what this organization has accomplished. On the field we have enjoyed great success at the major league level. The fans have supported us in record numbers the last two years and we have been able to upgrade the ballpark and enhance the in-game experience to reward that loyalty.

"We have a group of talented and passionate employees who have helped make this success possible. This organization is in good hands. I am leaving with a lot of great memories from my tenure here and I know the organization will continue to thrive in the years to come.”

Ryan spent his final five seasons with the Rangers pitching two no-hitters. After working for the club in a mostly ceremonial role upon retirement he took a more substantial position with the Houston Astros.

Ryan returned to the Rangers as president on Feb. 2008 and added the title of chief executive officer after fronting a group that purchased the club out of bankruptcy court. In March Ryan lost the title of president as lead owners Ray Davis and Bob Simpson elevated general manager Jon Daniels giving him the additional title of president of baseball operations.