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The Texas Rangers have announced that CEO Nolan Ryan will remain with the organization.

The two sides had been discussing the former pitcher's future in recent weeks.

Ryan lost his title of president in the offseason and there was speculation that he would leave the club.

"After productive discussions the last several weeks with Ray Davis and Bob Simpson about the structure of our organization, together we are moving forward," Ryan said in a statement.

"In my role as CEO, I am focused on working closely with ownership and with Jon Daniels and Rick George to build on the success of the past five years and to bring a championship to Arlington."

Via Todd Wills/ESPN