Douglas Lebda, the founder and chief govt officer of LendingTree Inc., died Sunday following an all-terrain automobile accident. He was 55.
“We are deeply saddened by the sudden passing of Doug,” LendingTree’s board of administrators stated in a press release. The accident occurred on his household farm in North Carolina. He is survived by his spouse, Megan Lebda, and his three daughters.
Lebda based LendingTree in 1996 after “experiencing the frustrations and complexities of getting his first mortgage,” based on the Charlotte, North Carolina-based firm’s web site. He led the corporate by its preliminary public providing in 2000, and its sale about three years later to IAC Inc. In 2008, Lebda joined the newly rebranded LendingTree because it spun out as a separate firm.
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LendingTree combines a community of tons of of economic companions to assist prospects entry lending merchandise together with mortgages, mortgage refinances, auto loans, private loans, enterprise loans and pupil refinances.
LendingTree’s chief working officer and president, Scott Peyree, is serving as president and CEO, efficient instantly. Peyree was appointed by the corporate’s board of administrators. Steve Ozonian, lead impartial director, has been appointed by the board to function its chairman.
“The information of dropping Doug was devastating,” Peyree stated in a press release. “But one of the crucial quick impacts of his legacy is the sturdy administration group he put in place at LendingTree.”
Lebda was a graduate of Bucknell University and earned an MBA on the University of Virginia, Darden School of Business, based on the corporate’s web site. Before founding LendingTree, Lebda labored as an auditor and marketing consultant.
