Doug Lebda, the prominent Founder and CEO of LendingTree, passed away unexpectedly on October 12, 2025. His tragic death occurred in an all-terrain vehicle accident. He was a visionary in the financial services sector, profoundly impacting how consumers navigate financial decisions.
Leadership Transition at LendingTree
Following Lebda’s untimely demise, the Board of Directors announced immediate leadership changes. Scott Peyree, previously the Chief Operating Officer and President, has taken over as President and Chief Executive Officer. Simultaneously, Steve Ozonian has stepped in as the new Chairman of the Board.
Board Remarks on Doug Lebda’s Legacy
The Board expressed deep sorrow over Lebda’s passing, highlighting his relentless dedication to consumer empowerment since founding LendingTree in 1996. Lebda’s vision fundamentally transformed how millions access financial products. His commitment to integrity and innovation has left a lasting imprint on the company and its culture.
- Doug Lebda: Founder and CEO of LendingTree.
- Date of Passing: October 12, 2025.
- Cause of Death: All-terrain vehicle accident.
- New CEO: Scott Peyree, effective immediately.
- New Board Chairman: Steve Ozonian, effective immediately.
- Company Founded: 1996.
Company Overview
LendingTree, based in Charlotte, NC, is recognized as one of the largest online financial platforms in the United States. It connects consumers with various financial products, including loans and credit cards, through its extensive network of approximately 430 partners. LendingTree has been instrumental in helping millions improve their financial health through innovative tools and personalized recommendations.
As the team at LendingTree mourns the loss of their leader, they express optimism for the future. Scott Peyree emphasized the strength of the management team that Lebda built, ensuring continuity in the company’s mission to empower consumers financially.
