Summary
Doug Lebda, the founder and CEO of LendingTree, died in an ATV accident at a family farm in North Carolina at the age of 55. Following his death, Scott Peyree was named the new CEO, and Steve Ozonian became the board chairman. LendingTree will continue its operations under new leadership while adhering to Lebda's vision for making financial services more accessible.
Key Facts
- Doug Lebda was the founder and CEO of LendingTree.
- He died in an ATV accident at a family farm in North Carolina.
- Scott Peyree was appointed as the new CEO of LendingTree.
- Steve Ozonian is now the board chairman.
- LendingTree is an online marketplace that allows users to compare financial products.
- The company was founded in 1996 and went public in 2000.
- LendingTree's shares fell by more than 4 percent following the news of Lebda's death.
- Doug Lebda also co-founded Tykoon, a financial education platform for families.
