Mike Quade, during a game in August. (Gene J. Puskar / AP)

“[General Manager] Jed Hoyer and I had an all-day meeting with Mike last Thursday at Wrigley Field, and Mike and I continued our dialogue with a lengthy phone conversation yesterday after the press conference [at which Hoyer was introduced]. Today, I flew to Florida to inform Mike in person that the Cubs have decided not to bring him back as our manager for the 2012 season,” Esptein, the team’s president, said in a statement released by the Cubs.

Quade was named interim manager when Lou Piniella retired in 2010. He kept the job in 2011 and went 71-91 (95-104 overall). The Cubs finished 25 games behind the Milwaukee Brewers in the National League Central Division.

“When I joined the Cubs last week, I knew that Mike had a reputation as an outstanding baseball guy, as a tireless worker, and as a first-rate human being,” Epstein’s statement continued. “After spending some time with him this past week, it became apparent to me that Mike's reputation is well deserved. His passion, knowledge of the game, commitment, and integrity stood out immediately. While Mike is clearly an asset to any organization and any major league staff, Jed and I believe that the Cubs would benefit long-term from bringing in a manager for 2012 who can come in with a clean slate and offer new direction.”

Quade, who beat out Ryne Sandberg for the job, has a year left on his contract.