Seth Birnbaum, the Co-Founder and CEO of the Cambridge, Mass.-based online marketplace EverQuote passed away on Saturday, according to a statement released by the company on Sunday.

Expressing immeasurable sadness, EverQuote said it that Birnbaum’s passing was unexpected and peaceful, and that he died at his home.

The announcement continued: “Seth was a sincere and deeply caring husband, father, friend and colleague. The entire EverQuote team mourns his tragic passing. On behalf of our board of directors, management team and employees, we extend our deepest sympathies to Seth’s family. Seth was a genuine, dynamic leader whose remarkable passion, vision and tenacity attracted the world-class team we have in place today, which serves as the foundation for EverQuote’s success. We will be forever grateful for his entrepreneurial spirit and the welcoming and caring environment he cultivated.”

Implementing the company’s succession plan, the board of directors has appointed Jayme Mendal, the company’s President, as its Chief Executive Officer and a member of the Board of Directors.

Mendal joined EverQuote in 2017 and previously served as our Chief Operating Officer and before that as Chief Revenue Officer.

David Blundin will continue to serve as chairman of the board of directors.

Blundin also issued a statement on behalf of the Board: “We have experienced a great loss at EverQuote, and we are heartbroken by Seth’s passing. We are confident that Jayme and the rest of the EverQuote leadership team will continue to successfully drive forward in executing on the company’s mission. Seth was a visionary leader, thoughtful colleague and dear friend of many. We honor his numerous contributions and will miss him immensely.”

Source: EverQuote