The Brief

Doug Lebda, LendingTree CEO and founder, died unexpectedly.

Lebda died after an all-terrain vehicle accident over the weekend.

Lebda founded LendingTree in 1996.

LendingTree CEO and founder Doug Lebda died in an accident over the weekend, the company announced on Monday.

Lebda died unexpectedly following an all-terrain vehicle accident on Sunday.

What they're saying:

"Doug was a visionary leader whose relentless drive, innovation and passion transformed the financial services landscape, touching the lives of millions of consumers," LendingTree’s board of directors said in a statement. "His passion will continue to inspire us as we move forward together."

What's next:

Scott Peyree, LendingTree’s chief operating officer and president, has been appointed CEO effective immed

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