Doug Ledba, founder and CEO of LendingTree in Charlotte, N.C., died in an all-terrain vehicle accident over the weekend.
The online lending platform said in a statement that Scott Peyree, its president and chief operating officer, had become the CEO, while Steve Ozonian, previously the lead independent director, is now the chairman.
“Doug was a visionary leader whose relentless drive, innovation, and passion transformed the financial services landscape, touching the lives of millions of consumers,” the company’s board said in a statement. “His passion will continue to inspire us as we move forward together.”