LendingTree, Inc. announced that Doug Lebda, the Company’s Chairman and CEO, died unexpectedly due to an all-terrain vehicle accident.
The company’s Board of Directors issued the following statement:
“We are deeply saddened by the sudden passing of Doug. Doug was a visionary leader whose relentless drive, innovation and passion transformed the financial services landscape, touching the lives of millions of consumers. Since founding LendingTree in 1996, Doug dedicated himself to building a company rooted in consumer empowerment, championing a mission to simplify financial decisions and fostering economic opportunity for all.
Doug’s unwavering commitment to our team, customers and partners shaped LendingTree’s culture and values and permanently changed the way in which consumers access financial products. His passion will continue to inspire us as we move forward together. We extend our deepest sympathies to Doug’s family and loved ones during this difficult time.
The Board will work closely with Scott and the leadership team to honor Doug’s vision. We are committed to upholding his legacy and continuing the work he began with passion, integrity and dedication.”
Scott Peyree, the Company’s COO and President, has been appointed by the Board as the new President and CEO, effective immediately.
Peyree stated: “The news of losing Doug was devastating. But one of the most immediate impacts of his legacy is the strong management team he put in place at LendingTree. I look forward to leading our team and continuing our shared vision with Doug into the future.”
The company’s shares fell by 4% following the announcement of Lebda’s passing.
By CEO NA Editorial Staff
