LendingTree CEO and founder Doug Lebda tragically passed away in an ATV accident at 55 years old. The company confirmed the news, expressing grief over the unexpected loss. Scott Peyree has been appointed CEO, and Steve Ozonian will serve as chairman of the board. LendingTree’s shares fell over 4% following the announcement. Lebda founded LendingTree in 1996 to simplify the loan shopping process and had a successful career in the financial sector. He leaves behind his wife, Megan, and three daughters, with his legacy continuing at LendingTree and in the lives he touched.

Read more at Yahoo Finance: LendingTree CEO and founder Doug Lebda dies in ATV accident