"Doug Lebda Lebda, 55, founded LendingTree in 1996, driven by frustration with his own mortgage experience and a desire to simplify financial decisions for consumers. He built a company rooted in consumer empowerment, championing a mission to simplify financial decisions and fostering economic opportunity for all, the board stated. Under his leadership, the Charlotte-based company grew into a major online financial platform, connecting customers with offers from roughly 430 financial partners."
"But one of the most immediate impacts of his legacy is the strong management team he put in place at LendingTree. I look forward to leading our team and continuing our shared vision with Doug into the future, Peyree said in a statement. Analysts at Keefe, Bruyette & Woods said in a report that while Doug's passing is clearly a meaningful loss for the company, we are confident that Scott Peyree has the right qualifications to step into the CEO role during this difficult transition."
Scott Peyree has been appointed president and CEO of LendingTree, effective immediately. Independent director Steve Ozonian will assume the role of chairman. Doug Lebda, 55, founded LendingTree in 1996 after a frustrating mortgage experience and aimed to simplify financial decisions for consumers. Under his leadership the Charlotte-based company grew into a major online financial platform connecting customers with offers from roughly 430 financial partners. LendingTree went public in 2000, was acquired by IAC/InterActiveCorp in 2003 and spun out as a separate entity in 2008. Peyree joined LendingTree in 2018 from QuoteWizard, served as CEO there, and has been COO and President of Marketplaces since July 2023.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]