While the departure of Ellyn McColgan from Fidelity as the company’s president of distribution and operations this week took investors off guard, analysts who closely follow the company note that it’s merely the latest in a series of departures by high-profile executives at the company, the International Herald Tribune reports.

Fidelity Chairman and CEO Edward “Ned” Johnson had promoted her to the position in April, only two months later to hire Rodger Lawson as president of FMR Corp., with McColgan now reporting to Lawson instead of directly to Johnson. It must have taken her off guard, analysts said, since she was the heir apparent to oversee the entire company when 77-year-old Johnson retires.

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