Tragic ATV accident claims life of LendingTree CEO and founder Doug Lebda
The founder and CEO of LendingTree, Doug Lebda, tragically passed away in an accident involving an all-terrain vehicle last weekend, as announced by the online loaning platform on Monday. The company expressed deep sorrow over Lebda's sudden death and offered condolences to his family. Described as a visionary leader, Lebda's innovation and dedication were credited with transforming the financial services industry and impacting millions of consumers. As a result of his passing, Scott Peyree has been appointed as the new CEO, and Steve Ozonian will take over as chairman of the board. Following this news, LendingTree's stock fell by over 2% in early trading on Monday. Lebda established LendingTree in 1996 with the goal of simplifying the loan shopping process, which eventually grew into a national platform offering a variety of financial products. Expanding beyond LendingTree, Lebda co-founded Tykoon, a financial services platform for families, in 2010.
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