LendingTree CEO Doug Lebda Dies in ATV Accident; New Leadership Appointed
LendingTree CEO Doug Lebda died at 55 in an ATV accident. Scott Peyree was appointed CEO, Steve Ozonian chairman, and company shares dropped over 2%.
LendingTree CEO Doug Lebda dies in ATV accident
New York Daily News
Overview
- Doug Lebda, the 55-year-old CEO and founder of LendingTree, tragically died in an ATV accident over the weekend, confirmed by the company's leadership.
- Lebda's passing marks the end of a significant career, leaving behind a legacy of innovation and transformation within the financial services industry.
- Following Lebda's death, Scott Peyree, previously COO and President, has been immediately appointed as the new CEO of LendingTree.
- In a related leadership change, Steve Ozonian has been named the new chairman of LendingTree's board of directors.
- LendingTree's shares experienced a drop of over 2% in early afternoon trading on Monday, reflecting the market's reaction to the unexpected news.
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Analysis
Center-leaning sources cover the death of LendingTree CEO Doug Lebda neutrally, focusing on factual reporting of the event and his professional legacy. They present information directly from the company's announcement, detailing the circumstances, succession plan, and Lebda's career achievements without injecting editorial opinion or evaluative language in their own narration, maintaining an objective tone throughout the report.
"Doug Lebda, the founder and CEO of LendingTree, died Sunday in an ATV accident, the online loan marketplace company announced."
CBS News"LendingTree confirmed that Lebda unexpectedly died on Sunday and that its leadership “deeply mourns his passing” while extending condolences to the executive's loved ones."
ABC News"LendingTree CEO and founder Doug Lebda died in an all-terrain vehicle accident over the weekend, the online loaning platform said Monday."
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FAQ
Doug Lebda was the founder and CEO of LendingTree, transforming the financial services landscape by simplifying loan and credit product comparisons. His leadership drove the company's growth and innovation.
Scott Peyree is the new CEO of LendingTree, previously serving as COO and President. He joined LendingTree in 2018 via the acquisition of QuoteWizard, a company he founded to facilitate insurance comparisons.
Following Doug Lebda's death, Scott Peyree was appointed CEO, and Steve Ozonian became the chairman of the board. These changes were effective immediately.
History
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