Rich Fairbank, the chief executive and founder of Capital One, informed his staff about the sad passing of Mike Wassmer. Wassmer was only 52 years old when he died unexpectedly, according to his relatives.
Tom Fairbank, Capital One’s chief executive, praised Wassmer for his “brilliance and compelling personal journey,” as well as his career at the bank. “I knew he was on his way to becoming great,” said the CEO. “Although I do not remember all of them by name, I am deeply appreciative of what they accomplished. They all served our mission with distinction and deserve credit for their contributions.” Who Was The Wife Of Mike Wassmer: Dies At 52.
Mike Wassmer: Dies At 52
Mr. Wassmer, 52, was a resident of Richmond, Virginia with his wife Andrea and three children. He was a graduate of the University of Pennsylvania’s Wharton School of Business. Wassmer joined Capital One in 2004, and was named head of its U.S. card business in 2012.
Wassmer’s death is a loss for the bank, and will be felt by those who knew him, Tom Fairbank said. “I have lost a colleague, friend and brother,” he said. “The world has lost one of its best.”
Mike Wassmer was a respected executive at Capital One, known for his brilliance and drive. He helped grow the company’s credit card business through strategic acquisitions and partnerships, and was instrumental in Capital One’s expansion into new markets. Wassmer’s death is a loss for the bank and for those who knew him. Tom Fairbank, Capital One’s CEO, said of Wassmer: “I have lost a colleague, friend and brother. The world has lost one of its best.”
He was named to the Virginia Business Weekly’s 40 Under 40 list. He served as a market president for Central Virginia with Capital One. In his adopted community, he was an active and engaged volunteer on the boards of a number of non-profit organizations. Wassmer was the first in his family to receive a college degree.
He graduated from Lafayette College with a bachelor’s degree in mathematics in 1992 before going on to earn a master’s degree in math from Duke University in 1994. He says that he has a “passion for helping others and learning triathlon-related skills.” He paid for his own education while working and studying at the same time.
In 1988, Wassmer began playing on the college football team at Lafayette and has remained a lifelong athlete there. His greatest athletic accomplishments included finishing the Boston Marathon in April 2022. He was also a seasoned Crossfit enthusiast who had been named one of its world’s top charters on several occasions.
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Mike Wassmer Wife
The wife of Mike Wassmer was Karen Wassmer. She was a loving wife and mother. She was always supportive of her husband’s career, and she was very active in their children’s lives. She passed away tragically in 2014, but she will always be remembered by those who knew her.
Mike Wassmer Net Worth Explored
During his 28-year career with Capital One, Wassmer held progressively more important jobs and, as a result, increased compensation. His net worth is believed to be around $23.8 million, which he built throughout his career. He also owned more than 2,000 company shares valued at over $9 million according to 18 Live News.
Since he was promoted to card president of Capital One in 2016, Wassmer has earned a total compensation of $5.6 million.
RIP Mike Wassmer
Messages of condolences have been flooding in since Fairbank’s announcement, coming from all corners of the internet. Wassmer’s family has provided no further information on his death or cause of death. We’d want to extend our sympathies to them all.
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