LendingTree(US:TREE) Yahoo Financeยท2025-10-13 17:50Company Overview - Doug Lebda, the CEO and founder of LendingTree, passed away in an all-terrain vehicle accident at the age of 55 [1] - LendingTree was founded in 1996 to simplify the loan shopping process and became a public company in 2000 [3] - The company operates an online loaning marketplace that helps users find and compare loans for various financial needs [4] Leadership Transition - Following Lebda's death, Scott Peyree has been appointed as the new CEO, effective immediately [2] - Steve Ozonian will take over Lebda's role as chairman of the board [2] Market Reaction - Shares of LendingTree fell more than 4% in afternoon trading on the day of the announcement [3] Legacy and Impact - Lebda's vision and innovation significantly transformed the financial services landscape, impacting millions of consumers [2] - He co-founded a financial services platform for children and families called Tykoon in 2010 and had a background in auditing and consulting [4]