LendingTree Aligns Management Team for Growth
LendingTree has organized the business around three key divisions: the core LendingTree marketplaces, the QuoteWizard insurance business, and LendingTree Next.
Neil Salvagewill continue to run core LendingTree marketplaces as President, LendingTree Marketplace. Salvage will focus on deepening existing partnerships within LendingTree's marketplaces while continuing to scale and innovate on both partner and consumer experiences related to these businesses. Scott Peyreewill continue to run the insurance business and will now report to Chairman and CEO, Doug Lebdaas President, Insurance. Peyree will continue to focus on expanding the Company's presence in the insurance industry.
- JD Moriarty, currently CFO, will move to an operating role, as President of LendingTree Next. The Next division will lead the next evolution of the company with a number of growth initiatives that build off of our marketplace assets.
Trent Zieglerhas been named as LendingTree's new Chief Financial Officer, a natural and well-deserved progression from his prior role as Vice President, Investor Relations and Treasury.
"Over the last year, LendingTree has implemented a more refined, strategic planning process that focuses on the implementation and execution of key initiatives for this year and beyond, while continuing to scale and innovate our core marketplace businesses," said Chairman and CEO,
"The first is our core LendingTree marketplaces - the products and services that facilitate interactions between consumers and financial service providers today," continued Lebda. "Neil has deep expertise and understanding of the complexities involved in these core marketplace businesses, and I'm thrilled that we are providing this segment of business with dedicated resources to continue innovation and scale in these areas."
"The second pillar is the insurance business, led by
"This re-organization allows us to provide dedicated leadership for a number of our most important strategic growth areas, and that will be led by J.D. Moriarty. J.D. will serve as President, LendingTree Next, and oversee our MyLendingTree logged-in platform, the evolution of the consumer experience, strategic partnerships, corporate development and enterprise operations management. We see massive opportunities in these areas and a need for dedicated leadership. I couldn't be more thrilled to have J.D. at the helm."
"Last, but certainly not least, I'm excited to announce
LendingTree operates what it believes to be the leading online consumer platform that connects consumers with the choices they need to be confident in their financial decisions. The Company offers consumers tools and resources, including free credit scores, that facilitate comparison-shopping for mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, deposit accounts, personal loans, student loans, small business loans, insurance quotes and other related offerings. The Company primarily seeks to match in-market consumers with multiple providers on its marketplace who can provide them with competing quotes for loans, deposit products, insurance or other related offerings they are seeking. The Company also serves as a valued partner to partners and other providers seeking an efficient, scalable and flexible source of customer acquisition with directly measurable benefits, by matching the consumer inquiries it generates with these providers.
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