On April 16, 2020, the Board of Directors of LendingTree, Inc. appointed Courtnee Chun and Jennifer Witz to serve as independent members of the Board, effective as of such date. Ms. Chun is the Chief Portfolio Officer and Senior Vice President, Investor Relations for Liberty Media Corporation, Qurate Retail, Inc., Liberty TripAdvisor Holdings, Inc., Liberty Broadband Corporation and GCI Liberty, and Ms. Witz is the President of Sales, Marketing and Operations of Sirius XM Holdings, Inc. Ms. Chun will serve on the audit committee and the transactions committee of Board, and Ms. Witz will serve on the compensation committee of Board. Ms. Chun and Ms. Witz were selected as members of Board pursuant to the Spinco Agreements with GCI Liberty, Inc. as previously disclosed in the Company's proxy statement under Certain Relationships and Related Transactions. On April 16, 2020, Neal Dermer and Craig Troyer, the directors previously nominated by GCI Liberty, Inc. pursuant to the Spinco Agreements, and Peter Horan gave notice of their resignation as members of the Board, effective as of such date. Mr. Dermer's, Mr. Troyer's and Mr. Horan's decisions to terminate their services were not a result of any disagreement with the Company or its management.
LendingTree, Inc. operates LendingTree.com, an online financial services marketplace. The Company provides customers with access to offers on loans, credit cards, insurance and more through its network of approximately 500 financial partners. Its segments include Home, Consumer, and Insurance. The Home segment includes products, such as purchase mortgage, refinance mortgage, and home equity loans and lines of credit. Its Consumer segment includes products, such as credit cards, personal loans, small business loans, student loans, auto loans, deposit accounts, and other credit products such as debt settlement. The Insurance segment consists of insurance quote products and insurance policies in its agency businesses. It helps customers obtain financing, save money, and improve their financial and credit health in their personal journeys. With a portfolio of products and tools and personalized financial recommendations, the Company helps customers achieve everyday financial wins.