Death of LendingTree CEO Doug Lebda in ATV mishap
Doug Lebda, the creator and CEO of LendingTree, passed away in an ATV accident on Sunday at the age of 55, as confirmed by the online loan marketplace company. LendingTree expressed profound sadness at the loss, referring to Lebda as a visionary leader. Lebda established LendingTree in 1996 with the goal of streamlining the loan application process and fostering competition among lenders. The platform, launched in 1998, assists users in comparing various financial products. Following Lebda's passing, Scott Peyree, the company's Chief Operating Officer and President, will assume the roles of President and CEO. Additionally, Steve Ozonian, the lead independent director, will serve as chairman of the board. Lebda, survived by his wife and three daughters, had a significant impact on the financial services industry, with his ideas stemming from personal experiences. His legacy will endure at LendingTree and in the lives he influenced.
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