LendingTree CEO Doug Lebda Dies
Analysis based on 24 articles · First reported Oct 13, 2025 · Last updated Oct 14, 2025
The unexpected death of Doug Lebda, the founder and CEO of LendingTree, has caused a significant dip in LendingTree's stock price. The appointment of Scott Peyree as the new CEO and Steve Ozonian as Chairman aims to provide stability and continuity for the company's operations and market perception.
Doug Lebda, the 55-year-old founder and CEO of LendingTree, died unexpectedly on Sunday, October 12, 2025, in an all-terrain vehicle accident at his family farm in United States — North Carolina. LendingTree announced his death on Monday, October 13, leading to a 9% drop in the company's stock. In response, LendingTree's board of directors immediately appointed Scott Peyree, the former President and COO, as the new CEO, and Steve Ozonian, a lead independent director, as the new Chairman. Lebda founded LendingTree in 1996, taking it public in 2000, and was known for his vision in transforming the financial services landscape. He also co-founded Tykoon and previously worked at PwC. His passing has sent shockwaves through the financial industry, with tributes pouring in from family and colleagues.
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