IAC Names Chair/CEO of RE Businesses

Doug Lebda, president and chief operating officer of IAC, has been named chairman and chief executive officer of the company's financial services and real estate businesses, including LendingTree, HomeLoanCenter, GetSmart, RealEstate.com, Domania, and iNest. C.D. Davies, CEO of LendingTree, and Bret Violette, president of RealEstate.com, will report to Mr. Lebda, who joined IAC in 2003 after the company acquired LendingTree. IAC announced in November that it plans to separate itself into five publicly traded entities (including LendingTree). The company said the latest announcement was the first in a series that will deal with the structure for each of the separate entities. IAC, Lending Tree, and RealEstate.com can be found online at http://www.iac.com, http://www.lendingtree.com, and http://www.realestate.com.