Leicestershire County Cricket Club and Leicestershire and Rutland Cricket Board are to merge under the name of Leicestershire and Rutland Cricket from October 1.
The merge has been agreed by both organisations, whose constitutions remain the same, and the England and Wales Cricket Board.
The move allows them to work together to develop both the professional and recreational games across the counties.
In order to do so the boards will join together, with two people from each making up the new system, while a chief executive will oversee both organisations. The same approach applies to the financial manager and community development officer.
Meanwhile, Mike Siddall has announced he is standing down as Leicestershire chief executive at the end of the season after four years in the role.
He said: “I am proud of what has been achieved during the last four years on an extremely tight budget.
“The on-field highlight was the FLT20 triumph in August 2011 but the loss of seven players from that team was a real setback from which we haven’t yet recovered.
“The re-laying of the outfield in 2011 has also had a massive effect on the quality of the playing surface.
“The full release of the city council covenant on Grace Road has probably been the biggest achievement off the field together with the granting of planning permission for 14 apartments on the Milligan Road side of the ground.
“However, having to endure the wettest summer for 100 years in 2012 did nothing to help the club’s financial recovery.
“I’d like to thank those members who have continued to support the club through difficult times on the field and the staff of the club for their commitment to continual improvement.
“With the amalgamation of the county club and the county board, it is an appropriate time to pass on the running of the club to someone who can hopefully take this wonderful club to the next stage of its development whilst preserving the nature of the quintessential English county cricket ground that is Grace Road.
"I wish the chairman Paul Haywood and the Board every success in their future plans.”
Haywood added: ”The board of directors and I would like to thank Mike for bringing stability to the club through difficult times and for building a platform from which the Leicestershire County Cricket Club and the Leicestershire and Rutland Cricket Board can look forward to bringing success to the new organisation Leicestershire and Rutland Cricket.
“On a personal note I would like to thank Mike for his help to me as chairman.”