Michael Wassmer, the president of Capital One, died at the age of 46. He was responsible for marketing and leasing decisions for the cards of small businesses.
Wassmer is a proponent of the development mentality. He was the first one in his family to graduate from college, and he later worked and paid for his own education.
He now oversees the largest division inside a Fortune 100 firm, thanks to good fortune, hard work, and a fantastic army of smart people who have challenged and aided him over the years.
Over 50 million consumers and small business customers use the US Branded Card, which offers Capital One-branded products such as Venture miles, Quicksilver cash back, Journey incentives for students, and Spark rewards programs for small companies.
Crossfit: What Happened To Michael Wassmer? Death Cause
The president of the company, Capital One, Michael Wassmer, has just passed away. However, the cause of death is yet to be provided. Indeed, he didn’t die of natural causes, as he was just 46 years old.
Wassmer, 46, has been the executive vice president of Capital One’s credit card operations in the United States, excluding co-branded credit cards, since 2013. Wassmer was in charge of all decisions and marketing for the small and domestic business card operations in that capacity.
He takes over for Ryan M. Schneider, who Capital One said would leave to become CEO of another publicly listed firm. The application did not specify whose firm he would work for.
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Capital One President Mike Aka Michael Wassmer Net Worth
As of 2022, Michael Wassmer’s net worth is projected to be at least $23.6 million USD. Mr. Wassmer holds over 2,081 units of Capital One shares worth over $9,104,209, and he has sold COF shares for over $8,857,141 in the previous 5 years.
He also earns $5,618,230 as President-US Card at Capital One. According to Form 4 filed with the SEC, Michael has made over 18 trades of Capital One shares since 2017.
He most recently sold 17,743 shares of COF stock valued at $2,772,699 on May 13, 2021. On March 2, 2017, he sold 21,175 shares of Capital One stock for a total of $2,019,036.
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Michael Wassmer’s Wife And Family
Michael Wassmer had been confidential about his wife and family. There is no information about Michael’s closed ones.
Also, in his LinkedIn account, he has not mentioned his family, though he has provided some insights about his early life.
According to his LinkedIn bio, he is surrounded by some of the most brilliant, growth-minded individuals in the world, in a culture where being brave, questioning the status quo, and uplifting others are principles that you witness every day.
Wassmer wants to work with people who are curious, brave enough to take risks in order to make an impact, and eager to create something meaningful.