LendingTree Mourns the Loss of Visionary Founder Doug Lebda
LendingTree, Inc., a well-known name in the financial services industry, is mourning the unexpected loss of its founder, Chairman, and CEO, Doug Lebda. Tragically, Doug passed away on October 12, 2025, following an all-terrain vehicle accident. His death has sent shockwaves throughout the industry and among those who knew him well. The company announced the news with heavy hearts and extended their deep condolences to Doug's family during this incredibly difficult time.
Upon his passing, Scott Peyree, the former Chief Operating Officer and President, was entrusted with the roles of President and Chief Executive Officer of LendingTree. The Board of Directors also appointed Steve Ozonian, the Lead Independent Director, as the new Chairman of the Board. Ozonian has been with LendingTree's Board since 2008, bringing a wealth of experience to his new role.
In a heartfelt statement released by the Board, they expressed their profound sadness over Doug's sudden departure, highlighting his exceptional leadership and vision. Doug Lebda founded LendingTree in 1996 with a mission to revolutionize how consumers make financial decisions. His relentless dedication to innovation and empowering consumers reshaped the financial services sector, assisting millions in navigating their financial journeys.
"Doug was a visionary leader whose relentless drive and passion transformed the financial services landscape, impacting millions of consumers," the Board stated. They reflected on his commitment to fostering opportunities for economic empowerment and simplifying financial decisions. It was under Doug's leadership that LendingTree became one of the nation’s largest online financial platforms, allowing customers to access a diverse range of financial products and services through a network of around 430 financial partners.
Scott Peyree shared his grief over the loss, noting the immediate impact of Doug's legacy through the strong management team he established. "The news of losing Doug was devastating," Peyree remarked, emphasizing his determination to uphold Doug's vision and lead the team into a promising future.
Doug's innovative approach not only changed LendingTree but also created a company culture that prioritizes trust, transparency, and consumer advocacy. His passing marks the end of an era but also signifies the ongoing commitment of the LendingTree team to honor his memory and continue his mission.
The Board of Directors affirms their dedication to working closely with Scott and the management team to ensure continuity and uphold the values that Doug instilled within the organization. They aim to keep pushing the boundaries of financial services in a way that reflects Doug's passion for consumer welfare and economic opportunity.
As LendingTree embarks on this new chapter, they remain focused on providing the best financial options for consumers. With a portfolio of innovative products and tools designed to meet diverse financial needs, LendingTree continues to strive for excellence in assisting customers with their financial decisions.
In memory of Doug, LendingTree is expected to share initiatives that embody his commitment to empowering consumers and helping them achieve their financial goals. Doug Lebda's legacy will undoubtedly live on, inspiring future generations of leaders in the financial technology sector. The loss of such an influential figure in the industry will resonate for years to come as LendingTree moves forward with renewed dedication to its founding principles.
In this period of mourning, the entire LendingTree team expresses their deep gratitude for all that Doug provided to the company and the countless lives he touched. Doug's unwavering commitment to his mission and the people he served will never be forgotten. As tributes pour in from colleagues and industry leaders alike, Doug Lebda's impact remains a guiding light for LendingTree and beyond.
Upon his passing, Scott Peyree, the former Chief Operating Officer and President, was entrusted with the roles of President and Chief Executive Officer of LendingTree. The Board of Directors also appointed Steve Ozonian, the Lead Independent Director, as the new Chairman of the Board. Ozonian has been with LendingTree's Board since 2008, bringing a wealth of experience to his new role.
In a heartfelt statement released by the Board, they expressed their profound sadness over Doug's sudden departure, highlighting his exceptional leadership and vision. Doug Lebda founded LendingTree in 1996 with a mission to revolutionize how consumers make financial decisions. His relentless dedication to innovation and empowering consumers reshaped the financial services sector, assisting millions in navigating their financial journeys.
"Doug was a visionary leader whose relentless drive and passion transformed the financial services landscape, impacting millions of consumers," the Board stated. They reflected on his commitment to fostering opportunities for economic empowerment and simplifying financial decisions. It was under Doug's leadership that LendingTree became one of the nation’s largest online financial platforms, allowing customers to access a diverse range of financial products and services through a network of around 430 financial partners.
Scott Peyree shared his grief over the loss, noting the immediate impact of Doug's legacy through the strong management team he established. "The news of losing Doug was devastating," Peyree remarked, emphasizing his determination to uphold Doug's vision and lead the team into a promising future.
Doug's innovative approach not only changed LendingTree but also created a company culture that prioritizes trust, transparency, and consumer advocacy. His passing marks the end of an era but also signifies the ongoing commitment of the LendingTree team to honor his memory and continue his mission.
The Board of Directors affirms their dedication to working closely with Scott and the management team to ensure continuity and uphold the values that Doug instilled within the organization. They aim to keep pushing the boundaries of financial services in a way that reflects Doug's passion for consumer welfare and economic opportunity.
As LendingTree embarks on this new chapter, they remain focused on providing the best financial options for consumers. With a portfolio of innovative products and tools designed to meet diverse financial needs, LendingTree continues to strive for excellence in assisting customers with their financial decisions.
In memory of Doug, LendingTree is expected to share initiatives that embody his commitment to empowering consumers and helping them achieve their financial goals. Doug Lebda's legacy will undoubtedly live on, inspiring future generations of leaders in the financial technology sector. The loss of such an influential figure in the industry will resonate for years to come as LendingTree moves forward with renewed dedication to its founding principles.
In this period of mourning, the entire LendingTree team expresses their deep gratitude for all that Doug provided to the company and the countless lives he touched. Doug's unwavering commitment to his mission and the people he served will never be forgotten. As tributes pour in from colleagues and industry leaders alike, Doug Lebda's impact remains a guiding light for LendingTree and beyond.
Topics Financial Services & Investing）
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