Founder and CEO of LendingTree dies in ATV accident at 55
The founder and CEO of LendingTree, Inc., Doug Lebda, tragically passed away in an ATV accident last weekend. The board has appointed the company's Chief Operating Officer and President, Scott Peyree, as his successor with immediate effect. The board expressed deep sorrow over the loss of Lebda, acknowledging his innovative leadership and dedication to transforming the financial services industry since founding the company in 1996. Lebda's vision was to empower consumers and simplify financial decisions, establishing LendingTree as one of the largest online financial platforms in the nation. Peyree, in a statement, highlighted the solid foundation Lebda built and pledged to continue the company's mission. The board will collaborate closely with Peyree to honor Lebda's legacy and uphold the values he instilled during his 26-year tenure with the company. Lead independent director, Steve Ozonian, will now serve as the chairman of the board. Despite the tragedy, the board and management team are determined to carry forward Lebda's vision and maintain the company's commitment to excellence.
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