"LendingTree CEO and founder Doug Lebda died in an all-terrain vehicle crash over the weekend, the online loaning platform said Monday. He was 55. In a company announcement, LendingTree confirmed that Lebda died on Sunday. A spokesperson said the accident occurred at a family farm in North Carolina. Doug was a visionary leader whose relentless drive, innovation and passion transformed the financial services landscape, touching the lives of millions of consumers, LendingTree's board of directors said in a prepared statement."
"Scott Peyree, LendingTree's chief operating officer and president, has now been appointed CEO effective immediately. Lead independent director Steve Ozonian will step into Lebda's role as chairman of the board, the company said. Shares of Charlotte, North Carolina-based LendingTree fell more than 4% by afternoon trading on Monday. Lebda founded LendingTree in 1996 to simplify the loan shopping process after experiencing his own frustrations when getting his first mortgage, LendingTree's website notes. The platform launched nationally in 1998 and became a public company in 2000."
Doug Lebda, 55, died in an all-terrain vehicle crash at a family farm in North Carolina. LendingTree confirmed his death and the board called him a visionary leader whose drive, innovation and passion transformed the financial services landscape. Scott Peyree, the chief operating officer and president, was appointed CEO effective immediately, and lead independent director Steve Ozonian became chairman. LendingTree shares fell more than 4% in afternoon trading. Lebda founded LendingTree in 1996 to simplify loan shopping; the platform launched nationally in 1998, went public in 2000, was later acquired by IAC and spun off again in 2008. Lebda co-founded Tykoon in 2010, previously worked at PriceWaterhouseCoopers, and is survived by his wife Megan and three daughters.
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