Doug Lebda, CEO and founder of LendingTree, died in an ATV accident on his family farm in North Carolina, the company announced on Monday.
Lebda was 55 years old and is survived by his wife and three daughters, Rachel, Abby, and Sophia. The company has appointed Scott Peyree, former chief operating officer and president, as CEO effective immediately.
“The news of losing Doug was devastating,” said Peyree in a press release. “But one of the most immediate impacts of his legacy is the strong management team he put in place at LendingTree.”
LendingTree confirmed that Lebda died on Sunday, saying that the company "deeply mourns his passing."
Author's summary: LendingTree founder dies in ATV accident.