Overview
- LendingTree confirmed the 55-year-old founder and chief executive died Sunday in an all-terrain vehicle accident.
- The board appointed Scott Peyree as chief executive effective immediately and named longtime director Steve Ozonian chairman.
- Shares of LendingTree fell following the announcement, and trading in the stock was briefly halted.
- Lebda is survived by his wife, Megan, and three daughters, and both family and company statements praised his leadership and character.
- Lebda founded LendingTree in 1996 and grew it into a major online marketplace connecting consumers with hundreds of lenders across multiple financial products.