The Legacy of Doug Lebda: A Visionary Leader in Financial Services

The financial services industry is mourning the loss of Doug Lebda, the founder and long-time CEO of LendingTree, who tragically died in an all-terrain vehicle accident on his family farm in North Carolina on October 12, 2025. He was 55 years old. The news of his passing has sent ripples through the business community, as many remember him not only for his innovative contributions but also for his personal warmth and leadership style.

Lebda’s journey began in 1996 when he founded LendingTree after experiencing the frustrations of obtaining his first mortgage. His firsthand knowledge of the complexities involved in securing a loan drove him to create a marketplace that would simplify the process for consumers. Launching in 1998, LendingTree quickly became a prominent player in the financial services landscape, going public in 2000 and later being acquired by IAC/InterActiveCorp in 2003. After a brief period as IAC’s President and Chief Operating Officer, Lebda returned to lead LendingTree as an independent company in 2008.

The board of directors of LendingTree released a heartfelt statement on October 13, reflecting on Lebda’s impact: “Doug was a visionary leader whose relentless drive, innovation and passion transformed the financial services landscape, touching the lives of millions of consumers.” His commitment to innovation and customer service helped establish LendingTree as a trusted name in the industry, paving the way for countless individuals to secure mortgages and other financial products.

In the wake of his passing, the company has announced significant leadership changes. Lead Independent Director Steve Ozonian has been nominated to take over as Chairman, while Scott Peyree, the company’s Chief Operating Officer and President, will step into the role of Chief Executive Officer. Peyree expressed his sorrow over the loss, stating, “The news of losing Doug was devastating. But one of the most immediate impacts of his legacy is the strong management team he put in place at LendingTree.”

As the company navigates this transition, the board has emphasized its commitment to honoring Lebda’s vision. “We are committed to upholding his legacy and continuing the work he began with passion, integrity and dedication,” they stated, reassuring stakeholders of their dedication to maintaining the company’s core values.

Doug Lebda is survived by his wife, Megan, and their three daughters. In a poignant tribute, Megan shared with The Associated Press that her husband “was an amazing man with a heart so big it seemed to have room for everyone he met.” She expressed gratitude for the outpouring of love and support they have received during this difficult time.

As LendingTree moves forward under new leadership, the legacy of Doug Lebda will undoubtedly continue to inspire both the company and the broader financial services industry. His innovative spirit and commitment to consumer empowerment have left an indelible mark that will be felt for years to come.