 Ruiz found Haye difficult to handle in their Manchester bout
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Former world heavyweight champion John Ruiz has announced his retirement from the ring after his title defeat by David Haye earlier this month.
The 38-year-old American will bow out after an 18-year professional career and with a record of 44 wins, nine losses, one draw and a no contest.
He was also the first heavyweight world champion of Hispanic descent.
"I've had a great career but it's time for me to turn the page and start a new chapter of my life," said Ruiz.
Ruiz's last fight was the loss to Haye as he challenged for the Londoner's WBA heavyweight, eventually being stopped in the ninth round having been on the canvas four times inside the opening six sessions.
"It's sad that my final fight didn't work out the way I wanted, but, hey, that's boxing," he added.
"I'm proud of what I've accomplished with two world titles, 12 championship fights, and being the first Latino heavyweight champion of the world.
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"I fought anybody who got in the ring with me and never ducked anyone. Now, I'm looking forward to spending more time with my family."
Ruiz won his first heavyweight crown in 2001 when he won a unanimous decision over Evander Holyfield for the WBA title.
He twice defended the belt - including a draw with Holyfield in a rematch the same year - before losing it to Roy Jones Jr in 2003.
When Jones vacated the belt without making a defence, Ruiz regained the WBA title on an interim basis by beating Hasim Rahman in December 2003, and took full control of the belt with a 2004 win over Fres Oquendo at Madison Square Garden, New York.
He lost it again to James Toney by unanimous decision in April 2005 but the result was rescinded after Toney tested positive for a banned substance and Ruiz retained the belt as the fight went down as a no contest, only for him to lose it for the final time to Nikolay Valuev eight months later.
Ruiz said he now plans to move from Las Vegas to his hometown of Boston in order to open a boxing gym in the inner city.
He added: "With my experiences in boxing, I want to go home and open a gym where kids will have a place to go, keeping them off of the streets, so they can learn how to box and build character.
"Someday, I'd like to see one of them go on to represent the United States in the Olympics. I want them to have the same opportunity to see the world that I had as an amateur.
"I've always tried to be involved in community and charity work in the past and now I'll have more time to work with kids."
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