Bolland will succeed Bob Stott, and is expected to take on executive chairman Sir Ken Morrison's executive duties.
David Jones, the group's deputy chairman who has fought publicly to install corporate governance standards in the Morrisons boardroom, will reveal his own departure today, and is likely to go by the end of this month.
A detailed announcement to the stock exchange is expected.
Sir Ken's decision to step aside from day-to-day involvement in the running of the grocer comes just a fortnight after the 74-year-old told shareholders at the group's annual meeting that he intended to stay on for a further 18 months, before taking the honorary title of president.
The retailer had promised originally to name a chief executive at the shareholders' meeting last month.
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