England [Images] and Wales Cricket Board chairman David Morgan is set to take over as next president of the International Cricket Council in 2008, according to BBC.

A formal announcement to this effect is expected later in the week as ICC [Images] officials are holding a series of meetings in London [Images] ahead of the ICC's Annual Conference at Lord's on Friday.

Morgan will succeed acting ICC president Ray Mali till 2010 after a compromise deal struck with BCCI president Sharad Pawar [Images], his only rival for the top post of the world governing body, that the two would hold the hot seat when England and India host major cricketing events.

England will host Twenty20 World Championships in 2009 while India will co-host the 2011 World Cup along with Pakistan, Sri Lanka [Images] and Bangladesh.

"Both of them will become vice-president, in effect president elect," BBC said.

The nominations of both Pawar and Morgan were not put forward by an ICC Committee as neither of the two had requisite two-third of the majority in February as a result of which Percy Sonn's tenure was extended till 2009.

But when Mali was appointed following Sonn's death in May, the search for a compromise was stepped up with a view to a permanent replacement taking over next year.