Rebelgrove.com reported Tuesday evening that the new AD will be Ross Bjork, who currently holds the same position at Western Kentucky.
Bjork, 39, has had previous stops at Missouri, Miami and UCLA, and fund-raising is prominent in his background.
Earlier Tuesday the Daily Journal learned that other finalists in the process were no longer being considered.
Former Ole Miss player and athletics staff member Walker Jones and current Central Arkansas AD Brad Teague, another former Ole Miss staff member, were names mentioned prominently throughout the search process chaired by alumni Archie Manning and Mike Glenn.
Bjork is the currently the youngest of AD's at the 120 Football Bowl Subdivision schools.
He has 15 years college athletics administrative experience.
At UCLA, he directed all fund raising activities, including the John Wooden Athletic Fund, marketing, promotions, ticket sales, branding, licensing, merchandising, corporate sponsorships, broadcast rights, web site, and other sources of revenue.
At Miami, Bjork is credited with leading the search process for hiring Frank Haith as men's basketball coach and for securing naming rights for a $52 million on-campus arena, as well as being the point man on Nike and Gatorade contracts.
Prior to his time at Miami, Bjork spent more than six years at the University of Missouri, where he oversaw all development operations that raised record funds each year.
Ole Miss is replacing Pete Boone, who has served as AD for 13 years over two different periods. His retirement was announced in November.