The Island Records founder, Beninese-French artist/activist and Estonian composer will be honored in Stockholm.
"Taylor has always told the truth," Phoebe Bridgers said while introducing her collaborator & soon-to-be tourmate.
Other artists vying for the trophy are Blake Shelton, Cody Johnson, HARDY & Lainey Wilson and Kane & Katelyn Brown.
The ceremony will feature 9 performances, including one from host Lenny Kravitz.
Rucker and The Black Crowes will team up for a world premiere collaboration.
Sudan Archives, Allison Russell, Fontaines D.C. and Soul Glo all have three nominations each.
Edgar Barrera, Tainy, Sony Music Publishing and UMPG all took home big wins.
Avery Anna, Jackson Dean, Lily Rose and Megan Moroney are also gearing up to take the Ram Trucks Side Stage during the April 2 ceremony.
The Grammy-winning composer and musician will receive the entertainment technology industry's highest honor on April 13 in Anaheim, California.
The Chicks have had three album of the year nominations, more than any other country act.