Tragic accident claims life of LendingTree CEO Doug Lebda at age 55
Doug Lebda, the founder and CEO of LendingTree, passed away in a tragic "all-terrain vehicle" accident on Sunday at the age of 55. The incident occurred at his family's farm in North Carolina, although specific details about the accident are not known at this time. His wife, Megan, expressed gratitude for the outpouring of love and support from around the world, stating that Doug's legacy will endure through the company he created, the lives he impacted, and the values he exemplified. Lebda, a father of three, established LendingTree in 1996 with the objective of simplifying the loan application process after facing challenges in securing his own mortgage. Following its national launch in 1998 and subsequent public status in 2000, LendingTree was acquired by IAC/InterActiveCorp before becoming an independent entity again in 2008. LendingTree's board of directors praised Doug as a visionary leader whose determination, innovation, and dedication revolutionized the financial services industry, benefiting countless consumers. The company has appointed Scott Peyree, its current chief operating officer and president, as the new CEO.
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