LendingTree Founder Doug Lebda Dies in ATV Accident

CHARLOTTE, N.C., Oct. 13, 2025 /PRNewswire/ — LendingTree, Inc. announced that its founder, chairman, and chief executive officer Doug Lebda passed away unexpectedly on October 12, 2025, in an all-terrain vehicle accident. The news shocked the financial community, as Lebda had been a transformative figure in the industry since founding the company in 1996.

The Board of Directors expressed deep sorrow over the loss of Lebda, emphasizing his visionary leadership and commitment to consumer empowerment. In a statement, the Board noted, “Doug was a visionary leader whose relentless drive, innovation, and passion transformed the financial services landscape, touching millions of lives.”

Effective immediately, Scott Peyree, who served as the chief operating officer and president, has been named the new president and chief executive officer. Steve Ozonian, the lead independent director and a board member since 2008, has been appointed chairman of the Board.

The Board expressed its commitment to honoring Lebda’s vision and vowed to closely collaborate with the new leadership team. In his first comments as CEO, Peyree reflected on the impact of Lebda’s legacy, acknowledging the strength of the management team Lebda had built.

Peyree stated, “The news of losing Doug was devastating. But one of the most immediate impacts of his legacy is the strong management team he put in place at LendingTree. I look forward to leading our team and continuing our shared vision with Doug into the future.”

Lebda’s contributions to LendingTree were celebrated by many, with his work significantly shaping how consumers access financial products. The company aims to preserve his legacy as it navigates through this transition.