LendingTree CEO and founder Doug Lebda died in an all-terrain vehicle accident over the weekend, the online loaning platform said Monday.<\/p>\n
In a company announcement, LendingTree confirmed that Lebda unexpectedly died on Sunday and that its leadership \u201cdeeply mourns his passing\u201d while extending condolences to the executive\u2019s loved ones.<\/p>\n
\u201cDoug was a visionary leader whose relentless drive, innovation and passion transformed the financial services landscape, touching the lives of millions of consumers,\u201d LendingTree\u2019s board of directors said in a statement. \u201cHis passion will continue to inspire us as we move forward together.\u201d<\/p>\n
Scott Peyree, LendingTree\u2019s chief operating officer and president, has now been appointed CEO effective immediately. And lead independent director Steve Ozonian will also step into Lebda\u2019s role as chairman of the board, the company said.<\/p>\n
Shares of Charlotte, North Carolina-based LendingTree fell more than 2% by early afternoon trading on Monday.<\/p>\n
Lebda founded LendingTree in 1996 \u2014 to \u201csimplify the loan shopping process\u201d after experiencing his own frustrations when getting his first mortgage, LendingTree\u2019s website notes. The platform launched nationally in 1998 and became a public company in 2000. It was later acquired by internet conglomerate IAC\/InterActiveCorp, before spinning off on its own again in 2008.<\/p>\n
Today, LendingTree\u2019s central online loaning marketplace helps users find and compare loans for mortgages, credit cards, insurance needs and more. LendingTree, Inc. also owns brands across the financial sector \u2014 including CompareCards and Value Penguin.<\/p>\n
In addition to his multiple-decade career at LendingTree, Lebda also co-founded a financial services platform for children and families called Tykoon in 2010. He previously worked as an auditor and consultant for PriceWaterhouseCoopers.<\/p>\n
\u201cAll of my ideas come from my own experiences and problems,\u201d Lebda told The Wall Street Journal in a 2012 interview.<\/p>\n<\/p>\n
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LendingTree CEO and founder Doug Lebda died in an all-terrain vehicle accident over the weekend, the online loaning platform said Monday. In a company announcement, LendingTree confirmed that Lebda unexpectedly died on Sunday and that its leadership \u201cdeeply mourns his passing\u201d while extending condolences to the executive\u2019s loved ones. \u201cDoug was a visionary leader whose…<\/p>\n","protected":false},"author":1,"featured_media":1338,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/posts\/1337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/comments?post=1337"}],"version-history":[{"count":0,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/posts\/1337\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/media\/1338"}],"wp:attachment":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/media?parent=1337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/categories?post=1337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/tags?post=1337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}