The resignation of First USA’s president and chief operating officer may represent a final step in the management turnover that has been taking place at the nation’s third-largest bank card issuer over the past two years.

The Bank One subsidiary told employees in an internal memo last week that Anthony F. Vuoto, who had been in his post for only a year, would leave the company at the end of March for undisclosed reasons. The terse memo from Philip Heasley, First USA’s new chairman and chief executive officer, said the company will “move quickly to identify a successor.”

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