Overview

• LendingTree confirmed that Doug Lebda died Sunday in an all-terrain vehicle accident, with no additional details released.
• Multiple reports say the accident occurred at his family farm in North Carolina.
• President and chief operating officer Scott Peyree was appointed chief executive effective immediately, and lead director Steve Ozonian became chairman.
• LendingTree shares fell following the announcement, and trading in the stock was briefly halted pending the news.
• Lebda is survived by his wife, Megan, and three daughters, as tributes highlighted his role in building the online lending marketplace he founded in 1996.