Debbie Hewitt has agreed in principle to take over as the new FA president.
Sky Sports News was informed that the agreement still has some way to go before it is finalized.
Hewitt serves as president at other companies and is currently going through a due diligence process with them before she can take on the role of FA.
She has work experience in the insurance industry and received an MBE in the 2011 New Year’s list of honors for business and public sector services.
If Hewitt takes on the role, she would become the first female president in FA history.
Once the official announcement is made, the FA is committed to being transparent about its recruitment process.
Greg Clarke resigned from his post in November over remarks he made to a DCMS select committee on black players.
Clarke called black footballers “colorful” and also suggested that South Asians want to work in IT because they have “different career interests”.
FA Chief Executive Mark Bullingham spoke with Sky Sports News about the recruiting process last month, saying, “We’re happy with the way we’re doing.
“I can’t say too much about this process. We’ve always said we would look to make an announcement in a month or two.”