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LENDINGTREE ANNOUNCES THE UNEXPECTED PASSING OF COMPANY FOUNDER, CHAIRMAN AND CEO DOUG LEBDA

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LendingTree (NASDAQ:TREE) announced the unexpected passing of founder, chairman and CEO Doug Lebda on Oct 12, 2025, in an all-terrain vehicle accident.

Effective immediately, Scott Peyree, chief operating officer and president, was appointed president and CEO, and Steve Ozonian, lead independent director and board member since 2008, was appointed chairman. The board expressed commitment to uphold Lebda's vision and to work closely with the new leadership team.

LendingTree (NASDAQ:TREE) ha annunciato la morte improvvisa del fondatore, presidente e CEO Doug Lebda il 12 ottobre 2025, in un incidente di veicolo fuoristrada.

Con effetto immediato, Scott Peyree, chief operating officer e presidente, è stato nominato presidente e CEO, e Steve Ozonian, direttore indipendente principale e membro del consiglio dal 2008, è stato nominato presidente del consiglio. Il consiglio ha espresso impegno a mantenere la visione di Lebda e a lavorare a stretto contatto con il nuovo team dirigente.

LendingTree (NASDAQ:TREE) anunció la muerte inesperada del fundador, presidente y CEO Doug Lebda el 12 de octubre de 2025, en un accidente de vehículo todo terreno.

Con efecto inmediato, Scott Peyree, director de operaciones y presidente, fue nombrado presidente y CEO, y Steve Ozonian, director independiente principal y miembro de la junta desde 2008, fue nombrado presidente de la junta. La junta expresó su compromiso de mantener la visión de Lebda y de trabajar en estrecha colaboración con el nuevo equipo de liderazgo.

LendingTree (NASDAQ:TREE)의 설립자 겸 회장 겸 CEO인 Doug Lebda가 2025년 10월 12일 모든 지형 차량 사고로 사망했다는 소식이 전격 발표되었습니다.

즉시 발효되어, Scott Peyree 최고영업책임자(COO) 겸 사장이 사장 및 CEO로 임명되었으며, Steve Ozonian 이사회 선임 독립 이사이자 2008년부터 이사회 구성원으로 재직해 왔던 분이 의장으로 임명되었습니다. 이사회는 Lebda의 비전을 지키고 새로운 리더십 팀과 긴밀히 협력하겠다는 약속을 표명했습니다.

LendingTree (NASDAQ:TREE) a annoncé le décès inattendu de son fondateur, président et PDG Doug Lebda le 12 octobre 2025, dans un accident impliquant un véhicule tout-terrain.

Immédiatement, Scott Peyree, directeur des opérations et président, a été nommé président et PDG, et Steve Ozonian, administrateur indépendant principal et membre du conseil depuis 2008, a été nommé président du conseil. Le conseil a exprimé son engagement à préserver la vision de Lebda et à travailler en étroite collaboration avec la nouvelle équipe dirigeante.

LendingTree (NASDAQ:TREE) gab den unerwarteten Tod des Gründers, Vorsitzenden und CEO Doug Lebda am 12. Oktober 2025 bekannt, infolge eines Unfalls mit einem Geländefahrzeug.

Mit sofortiger Wirkung wurde Scott Peyree, Chief Operating Officer und Präsident, zum Präsidenten und CEO ernannt, und Steve Ozonian, leitender unabhängiger Direktor und seit 2008 Mitglied des Vorstands, wurde zum Vorsitzenden ernannt. Der Vorstand bekundete sein Engagement, Lebdas Vision zu wahren und eng mit dem neuen Führungsteam zusammenzuarbeiten.

LendingTree (NASDAQ:TREE) أعلن عن وفاة مؤسسها ورئيسها والمدير التنفيذي دوغ ليبدَا المفاجئة في 12 أكتوبر 2025، في حادث مركبة طرق وعرة.

اعتباراً من الآن، تم تعيين سكوت بايري، المدير التنفيذي للعمليات والرئيس، رئيساً وعضواً تنفيذياً ورئيساً للبرنامج، وتم تعيين ستيف أوزونيان، المدير المستقل الرئيسي وعضو المجلس منذ 2008، رئيساً للمجلس. أبدى المجلس التزامه بالحفاظ على رؤية Lebda والعمل عن كثب مع فريق القيادة الجديد.

LendingTree (NASDAQ:TREE) 宣布创始人、董事长兼首席执行官Doug Lebda于2025年10月12日在一次全地形车事故中不幸去世。

即日起,首席运营官兼总裁Scott Peyree被任命为总统兼首席执行官,董事会自2008年起的独立董事兼首席董事Steve Ozonian被任命为董事长。董事会表示将坚持Lebda的愿景,并与新领导团队密切合作。

Positive
  • Immediate CEO succession: Scott Peyree appointed effective immediately
  • Immediate chairman appointment: Steve Ozonian named chairman
  • Board commitment to uphold founder's vision and leadership continuity
Negative
  • Unexpected passing of founder and CEO creates short-term leadership uncertainty
  • Potential investor sentiment volatility following sudden executive loss

Insights

Sudden CEO death; board installed internal successors to maintain continuity.

The Board announced the unexpected passing of Doug Lebda on October 13, 2025 and appointed Scott Peyree as President and CEO and Steve Ozonian as Chairman effective immediately. This preserves the existing leadership team and signals a planned internal succession pathway rather than an external search.

Key dependencies include the new CEO's ability to retain management cohesion and the Board's follow-through on honoring the stated legacy. Short-term governance tasks will focus on confirming executive authorities, communications with employees and partners, and any regulatory or SEC filings required for the leadership change.

Watch for formal regulatory disclosures and any Board communications over the next few weeks that clarify interim authority, delegated signatories, and succession planning; expect these items within a trading-cycle horizon (days to weeks).

Leadership transitioned internally; operational execution continuity emphasized.

The release states that Scott Peyree, the Chief Operating Officer and President, becomes CEO and that Steve Ozonian becomes Chairman, both effective immediately, which by fact suggests management intends operational continuity. The Board credited the existing management team and singled out Scott's momentum and commitment.

Risks remain around short-term disruption from the unexpected event and external stakeholder reactions; the company has not announced any changes to strategy, guidance, or financial results in this release. Critical near-term items include employee stabilization, client and partner outreach, and any required filings; these actions typically occur within days to weeks.

Monitor official filings and any statements that disclose changes to company guidance, executive delegation, or timeline for a permanent CEO confirmation over the next weeks.

CHARLOTTE, N.C., Oct. 13, 2025 /PRNewswire/ -- LendingTree, Inc. (NASDAQ: TREE) announced that Doug Lebda, the Company's Chairman and Chief Executive Officer, passed away unexpectedly yesterday in an all-terrain vehicle accident.  The Board of Directors and the entire LendingTree management team deeply mourns his passing and extends sincere and heartfelt condolences to his family.

Scott Peyree, the Company's Chief Operating Officer and President, has been appointed by the Board to serve as the Company's President and Chief Executive Officer, effective immediately.

Lead Independent Director, Steve Ozonian, has been appointed by the Board to serve as the Chairman of the Board, effective immediately. Mr. Ozonian joined the Board in 2008. 

The Board of Directors issued the following statement: "We are deeply saddened by the sudden passing of Doug. Doug was a visionary leader whose relentless drive, innovation and passion transformed the financial services landscape, touching the lives of millions of consumers. Since founding LendingTree in 1996, Doug dedicated himself to building a company rooted in consumer empowerment, championing a mission to simplify financial decisions and fostering economic opportunity for all.

Doug's unwavering commitment to our team, customers and partners shaped LendingTree's culture and values and permanently changed the way in which consumers access financial products. His passion will continue to inspire us as we move forward together. We extend our deepest sympathies to Doug's family and loved ones during this difficult time.

The Board will work closely with Scott and the leadership team to honor Doug's vision. We are committed to upholding his legacy and continuing the work he began with passion, integrity and dedication."

Steve Ozonian commented further: "We sincerely thank Scott Peyree for the momentum powered by his outstanding commitment and focus at LendingTree. We have the utmost confidence in his ability to continue to lead LendingTree into the future."

Scott Peyree also stated: "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.  I look forward to leading our team and continuing our shared vision with Doug into the future."

About LendingTree

LendingTree, Inc. is the parent of LendingTree, LLC and several companies owned by LendingTree, LLC (collectively, "LendingTree").

LendingTree is one of the nation's largest, most experienced online financial platforms, created to give consumers the power to win financially. LendingTree provides customers with access to the best offers on loans, credit cards, insurance and more through its network of approximately 430 financial partners. Since its founding, LendingTree has helped millions of customers obtain financing, save money, and improve their financial and credit health in their personal journeys. With a portfolio of innovative products and tools and personalized financial recommendations, LendingTree helps customers achieve everyday financial wins. LendingTree, Inc. is headquartered in Charlotte, NC.

For more information, please visit www.lendingtree.com.

Contact
press@lendingtree.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/lendingtree-announces-the-unexpected-passing-of-company-founder-chairman-and-ceo-doug-lebda-302582183.html

SOURCE LendingTree, Inc.

FAQ

What happened to LendingTree CEO Doug Lebda on Oct 12, 2025 (TREE)?

Doug Lebda passed away unexpectedly in an all-terrain vehicle accident on Oct 12, 2025.

Who is the new CEO of LendingTree (NASDAQ:TREE) after Doug Lebda's death?

Scott Peyree, previously chief operating officer and president, was appointed president and chief executive officer effective immediately.

Who became chairman of the board at LendingTree (TREE) after Oct 13, 2025?

Steve Ozonian, the lead independent director and board member since 2008, was appointed chairman effective immediately.

Will LendingTree (TREE) maintain the founder's strategic vision after Doug Lebda's passing?

The board stated it will work closely with Scott Peyree and the leadership team to honor and uphold Doug Lebda's vision.

How might Doug Lebda's unexpected death affect LendingTree (TREE) operations?

The company named immediate successors to minimize disruption, but the event may cause short-term leadership and investor uncertainty.
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