Notre Dame is currently in Honolulu preparing for the Sheraton Hawaii Bowl on Christmas Eve.
Haywood replaces Shane Montgomery, who resigned last month after the Red Hawks finished the season 2-10. Montgomery was 17-31 during his four years in Oxford.
A Notre Dame alum, Haywood came back to the school he played flanker for, following coaching stints at Texas, LSU, Ball State, Ohio, Army and Minnesota.
Haywood primarily worked with the running backs during his time under head coach Charlie Weis in South Bend, and in 2005 was named the assistant coach of the year by the America Football Coaches Association.
Following Notre Dame's bowl game on Christmas Eve against Hawaii, Haywood will have finished his 21st season as an assistant coach. He becomes the sixth African American coach in the Bowl Championship Subdivision.
Miami Athletic Director Brad Bates said that Haywood's experience earned him the position.
"Mike's experience with scholar-athletes at the United States Military Academy, the University of Texas and the University of Notre Dame has instilled in him high intellectual expectations for our students," Bates said. "His mentors have included some of the most successful coaches in college football and have given him the organizational, recruiting and leadership skills to inspire our team, program, campus and fans.
"Mike's competitive success in the MAC, Big Ten, Southeastern Conference and Big 12 provides him with the knowledge and pragmatism to surround himself with a great staff to develop champions at Miami University. We are thrilled to have Mike Haywood as `our' head football coach."
Haywood released a statement explaining his excitement.
"First of all, I'd like to thank President Hodge and Brad Bates for the tremendous opportunity to become head coach at Miami University," said Haywood. "It's an institution with outstanding academics and a storied football tradition. The Cradle of Coaches, Ara Parseghian, Bo Schembechler,Bill Mallory, Jim Tressel ... what an unbelievable coaching tradition.
"I'm so excited about joining the Miami family, with a fan and alumni base that is nationwide. Ohio is a great state for high school football, with tremendous coaches and unbelievable student-athletes. We are looking forward to developing a relationship with the high school coaches and to recruit their student-athletes to Miami University. I can't wait to get started!"
Weis said that he wishes Haywood and the Red Hawks the best.
"The Notre Dame program is very happy today for Michael Haywood and wishes him only the best at Miami University," said Weis. "They made a great selection of a coach who is very well prepared for an assignment like this -- and although we will dearly miss him we realize it's time for him to run his own program. Michael has both the coaching pedigree and the personal character which will carry him to a successful career as a head coach."