Alcatel Lucent loses top execs

The turbulent 10-months at Alcatel Lucent has claimed two senior victims. Mike Quigley, the Australian once tipped to be chief executive of the French group, and Frank D'Amelio, the former Lucent executive who was put in charge of integrating the two companies, had both resigned, the company said.

D'Amelio is leaving to become chief financial officer at Pfizer of the US, the world's largest drugmaker. Mr Quigley, who moved sideways to become head of science, technology and strategy after the Lucent merger put paid to his chief executive prospects, is returning to his native Australia.`

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