LendingTree CEO Doug Lebda Dies in ATV Accident on Family Farm

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LendingTree CEO Doug Lebda Dies in ATV Accident on Family Farm

Doug Lebda, the CEO and Chairman of LendingTree, tragically passed away in an all-terrain vehicle accident on his family farm in North Carolina on October 12. His death was confirmed by the company on October 13, marking a significant loss for the financial services sector.

Legacy of Doug Lebda

Doug Lebda was a pioneering figure who founded LendingTree in 1996. He launched the company after facing challenges while securing his first mortgage. LendingTree’s platform revolutionized the mortgage market, providing a marketplace for various financial products.

The company officially began operations in 1998 and went public in 2000. In 2003, LendingTree was sold to IAC/InterActiveCorp and later became an independent entity again in 2008. After the sale, Lebda took on the role of President and Chief Operating Officer at IAC before returning to LendingTree after the spinoff.

Company Response to Lebda’s Passing

LendingTree’s board of directors released a statement expressing their condolences and honoring Lebda’s visionary leadership. They noted that his drive and passion significantly impacted consumers’ lives. The board stated, “We extend our deepest sympathies to Doug’s family and loved ones during this difficult time.”

Name: Doug Lebda
Position: CEO and Chairman of LendingTree
Age at Death: 55
Date of Accident: October 12
Company Founded: 1996
Public Offering: 2000
Sale to IAC: 2003
Independence Regained: 2008

Leadership Transition

In the wake of Lebda’s death, LendingTree swiftly announced leadership changes. Steve Ozonian, the Lead Independent Director, was nominated to take over as Chairman. Scott Peyree, the current COO and President, will assume the responsibilities of Chief Executive Officer.

Peyree commented on the impact of Lebda’s loss, emphasizing the strong management team that Lebda built. He noted, “We are committed to upholding his legacy and continuing the work he began with passion, integrity, and dedication.”

Words from Family

Megan Lebda shared a heartfelt statement with the Associated Press, describing her husband as an “amazing man” with a large heart. She expressed deep gratitude for the overwhelming support received from around the world in this difficult time.