CHARLOTTE, N.C., Nov. 30, 2016 /PRNewswire/ -- LendingTree® today
announced two key role changes within its executive team in order
to support the company's growth. Neil
Salvage, previously the company's Chief Revenue Officer, has
been promoted to the newly-created role of President, managing the
day-to-day business operations. Nikul
Patel, previously LendingTree's Chief Operating Officer,
will now be the company's Chief Product and Strategy Officer, where
he will lead product innovation, consumer experience and corporate
strategy.
"I couldn't be more excited to be leading this company as we
continue to scale," said Doug Lebda,
founder and CEO of LendingTree. "We've more than doubled revenue in
the past two years while dramatically diversifying our business,
growing non-mortgage revenue from 10% of total in 2013 to almost
half in Q3. And as we continue to focus on overall growth,
it's vital for our senior team to scale in tandem. These moves
enable us to centralize P&L responsibilities under Neil, while
Nikul is then able to focus his efforts on My LendingTree
monetization, re-inventing the mortgage experience, and incubating
new business ideas. With Neil's growth mentality and
un-matched operational experience alongside Nikul's entrepreneurial
mindset and deep industry knowledge, we're extremely
well-positioned for our next leg of growth."
Neil Salvage joined LendingTree
in July 2013 and since June 2015, has been serving as LendingTree's
Chief Revenue Officer. In this role, Salvage has been responsible
for all revenue for the company, leading the sales, contact center
and business development teams.
Since joining LendingTree in June
2012, Nikul Patel has been
the driving force behind the company's rapid rollout of innovative
new products along with launching several, highly successful new
business lines.
Neil Salvage and Nikul Patel will be participating in
LendingTree's Investor and Analyst Day on Tuesday, December 13, 2016 at the Gansevoort Park
Avenue hotel, 420 Park Avenue, New York,
NY 10016. Analysts and investors interested in attending the
event in-person may inquire with LendingTree Investor Relations at
investors@lendingtree.com.
About LendingTree, Inc.
LendingTree, Inc. (NASDAQ: TREE) operates the nation's
leading online loan marketplace and provides consumers with an
array of online tools and information to help them find the best
loans for their needs. LendingTree's online
marketplace connects consumers with multiple lenders that compete
for their business, empowering consumers as they comparison-shop
across a full suite of loans and credit-based offerings.
Since its inception, LendingTree has facilitated more
than 55 million loan requests. LendingTree provides
access to its network of over 400 lenders offering home loans, home
equity loans/lines of credit, reverse mortgages, personal loans,
auto loans, small business loans, credit cards, student loans and
more.
LendingTree, Inc. is headquartered in Charlotte,
NC and maintains operations solely in the United
States. For more information, please
visit www.lendingtree.com.
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SOURCE LendingTree, Inc.