Quigley had been named as the COO elect of the new company, dubbed Lucatel (by Light Reading), when the marriage was announced in April this year. (See Alcatel, Lucent Seal Deal.)
Now, though, he will take a less high profile role. In a merger update statement issued late Monday, the duo announced: "Mike Quigley has decided for personal reasons to assume a different role for the combined company. He will focus on the strategic direction of the company and will become President, Science Technology and Strategy. In this capacity he will devote his attention to assuring that strategic investments align with evolving market opportunities."
Quigley will still be a member of the six-strong Lucatel management committee.
The news may not come as a surprise to many, as Quigley was reportedly angry that Lucent's CEO, Pat Russo, had been handed the role as Lucatel CEO. He was seen as Russo's lead rival for the top job. (See Lucent & Alcatel: Quigley or Russo?.)
Reports of his disgruntlement have persisted even as the merger process has forged ahead. Just two weeks ago Light Reading reported that Quigley was still smarting over the decision to bring Russo to Paris to run the merged company. (See Lucatel: Full Steam Ahead.)
An Alcatel spokeswoman says Quigley decided to step down as COO of the merged company to spend more time with his family, of whom he hasn't seen much lately as he has been flying constantly between Dallas, Alcatel's North American base, and Paris. He remains as Alcatel's COO until the merger process is completed, which is expected to happen before the end of calendar 2006.
It is not known where Quigley will be based once the merger process is complete.
The spokeswoman added that a replacement COO for the merged company will not be named. Instead, a number of divisional executives have been named, who will report directly to Russo:
In addition, Lucatel will have four geographic regions, each with an assigned executive to run the show.
In addition to updating on the merger process, both Alcatel and Lucent gave preliminary financial figures for their respective fiscal quarters ending June 30. While Alcatel's numbers were in line with expectations, Lucent's were not. (See Lucent Drags Down Alcatel.)
— Ray Le Maistre, International News Editor, Light Reading