He will be replaced as chief executive officer by Rami Baitieh, the former chief of Carrefour France, from November.
Morrisons has said David Potts is set to step down as boss of the supermarket chain after nine years.
Mr Baitieh said: “Morrisons holds a special place for shoppers across the UK, and I am honoured to be joining the business to help build on the strong links the company has with its loyal customers and the communities where it operates. “There have been so many highlights but the way all our colleagues rose to the immense challenge of the Covid pandemic, fed the nation and made sure no-one was left behind will stay with me forever.
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