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LendingTree CEO dies in ATV accident

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Doug Lebda, founder and CEO of LendingTree, died in an all-terrain vehicle accident over the weekend. He was 55.

The accident occurred at a family farm in North Carolina.

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

Scott Peyree, the company's chief operating officer and president, has been appointed as CEO.

Read more from CNN.

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