Lehmann's appointment represents the second position he has held since his resignation as Australia's coach after the ball-tampering scandal in South Africa, alongside his role as head coach of Brisbane Heat.
It also means that there is still no men's team in the competition that will be coached by an Englishman, as Lehmann joins Shane Warne, Simon Katich, Andrew McDonald and Gary Kirsten as the head coaches of various teams.
Andrew Strauss, who stepped down as England's director of men's cricket last year, said last week that the lack of English coaches in the tournament was a "great opportunity" missed.
"Personally I think that [The Hundred] was a great opportunity for English coaches to be appointed," Strauss said. "Each of those teams will have their own reasons for appointing experienced coaches, who have coached in T20 cricket elsewhere in the world.
"You can completely understand that, but there is a bit of a chicken-and-egg situation in that unless English coaches get an opportunity, how do they get the experience?"
Lehmann is something of a cult figure at Headingley, scoring more than 14,000 runs in his ten seasons as Yorkshire's overseas player. He was a vital part of the Championship-winning side in 2001.
"It is going to be special to get back up north where I have so many good memories from my playing days," he said. "To go back there to coach in The Hundred is exciting and hopefully we can have some success.
"I know how passionate the fans are and they will demand that we play an entertaining brand of cricket and win. You expect that when you know the proud tradition of both Yorkshire and Durham. We want to bring in some of the best players in the world and if those players can get it right on the pitch then the competition can go through the roof."
The announcement also represents something of a homecoming for Hazell, who represented both the stakeholder counties, Durham and Yorkshire, during her playing career. Hazell retired from international cricket in January, and is currently coaching Yorkshire Diamonds in the Kia Super League.
"Things have happened pretty quickly in my coaching career," she said, "but you have to take the bull by the horns and enjoy the opportunities that come your way and make the most of them.
"It's exciting to be involved in a massive step forward for women's domestic cricket. This can push the game forward. After spending my career travelling around the world it is great to be back in the north and putting something back into the region and the game."
Sanjay Patel, the tournament's managing director, said, "We are really pleased to welcome another World Cup-winning coach to The Hundred. It is also great to see an opportunity for a former World Cup winning cricketer to showcase her coaching credentials in the competition."
Team names for the competition are yet to be confirmed, but it is understood that the Leeds-based team will be known as the Northern Superchargers.