8-K – 2025-08-11 – 0001104659-25-076182-xbrl.zip

Exhibit 99.1 

 

 

 

H&R Block, Inc. Announces Leadership Succession Plan

 

· Jeffrey

J. Jones II to Retire After Eight Years; Will Remain Strategic Advisor

     

· Curtis

Campbell, President of Global Consumer Tax and Chief Product Officer at Block, Named CEO-Elect

     

· Appointment

Comes After Rigorous Succession Planning Process

 

KANSAS

CITY, Mo., August 11, 2025 – H&R Block, Inc. (NYSE: HRB) announced today that Jeffrey J. Jones II has informed the

Board of Directors of his intention to retire as President and CEO of H&R Block on December 31, 2025, and will remain on the Board

until such time. He will continue as a Strategic Advisor at the Company through September 2026. He will be succeeded by Curtis Campbell,

currently Block’s President of Global Consumer Tax and Chief Product Officer, starting January 1, 2026.

 

Since becoming CEO of Block in 2017, Jones has spearheaded innovation

to address changing consumer needs. The introduction of Upfront Transparent Pricing, as well as efforts under the Block Horizons strategy

with a focus on Small Business Services, Spruce mobile banking, and the omnichannel tax experience, including AI Tax Assist, have helped

to drive growth and relevance of the Block brand. In addition, under Jones’ leadership, the Company increased its quarterly dividend

by 70% and repurchased approximately 40% of its shares outstanding, returning over $4.0 billion in capital to shareholders.  During

his tenure, the Company’s stock price increased 123% and its market capitalization has grown from $5.5 billion to $7.4 billion.

 

“On behalf of the Board, I’d like to thank Jeff for his

leadership in modernizing the Company’s culture and offerings and creating significant shareholder value over the last eight years,”

said Board Chair Richard A. Johnson. “There’s no question he leaves the Company well-positioned for the future.”

 

“Leading H&R Block over the last eight years has been the

honor of a lifetime,” said Jones. “With bold bets to drive growth, the creation of an extraordinary culture and more recently

by embracing the potential of AI to augment the human help for which we are known, we have elevated the brand’s relevance and created

significant shareholder value.” 

 

Beyond his customer-focused initiatives, Jones launched highly successful

community impact programs including Make Every Block Better, Fund Her Future, and A Fair Shot, all of which have bolstered the Company’s

commitment to building connections among neighbors and supporting small business owners. Jones indicated that he is proud of the Company’s

high-performing connected culture and record-high associate engagement, which has led to Block’s regular recognition on lists of

best places to work and was featured in the 2024 Harvard Business School case study:  “ Driving Transformation - Jeff Jones

at H&R Block ”.

 

 

 

 

 

 

Campbell’s selection follows a comprehensive succession-planning

process. His appointment to succeed Jones as President and Chief Executive Officer, effective January 1, 2026, was unanimously supported

by H&R Block’s Board of Directors.

 

“I am thrilled to pass the baton to Curtis, who joined Block

in May 2024.  He has deep tax industry expertise and is a tremendous fit for Block’s culture. Curtis is uniquely positioned

to continue driving our transformation and sustainable revenue growth” said Jones.

 

Johnson added: “This transition reflects the Board’s ongoing

commitment to a rigorous, succession planning process focused on identifying the right leader for H&R Block’s next chapter,

and it is a strong testament to our leadership team’s strength and capabilities that we have the right candidate in Curtis. We have

the utmost confidence in him as he steps into the President and CEO role, and we look forward to working alongside him to deliver continued

results and value for our customers, employees, and shareholders.”

 

Jones and Campbell will work closely to orchestrate a smooth leadership

transition until January 1, 2026, when Campbell will assume the role of President and Chief Executive Officer and will join the Board

as a director. Mr. Jones will continue to assist in the transition as a Strategic Advisor at the company until September 2026.

 

“I am honored to be chosen to lead this iconic brand and company,

which I have deeply admired and respected for many years,” Campbell said. “Jeff’s vision and leadership transformed

H&R Block into the remarkable company it is today, and his legacy will be felt for years to come. I am excited to lead our amazing

team as we enter our next phase of growth and continue to deliver on our purpose: To provide help and inspire confidence in our clients

and communities everywhere.”

 

About Curtis Campbell

 

Curtis Campbell has served as President, Global Consumer Tax and Chief

Product Officer of H&R Block since May 2024. In this position, Campbell leads an enterprise-wide agenda to deliver customer-centric

strategies and exceptional client and tax professional outcomes with a focus on achieving strong financial performance for the global

consumer tax business. Campbell is also responsible for leading enterprise-wide product management excellence.  

 

 

 

 

 

 

Prior to joining H&R Block, Campbell had a history of success in

executive roles, including Managing Vice President-Consumer Auto at Capital One, Vice President-Product Management and Strategy at Intuit,

and General Manager-Head of Product at Amazon Web Services. Immediately before joining H&R Block, he served as President and CEO of

TaxAct, where, during his five-year tenure, he led the company through a dramatic transformation resulting in double-digit revenue growth. 

 

He holds a bachelor’s degree in business administration from

The Citadel and a Master of International Business degree from the University of South Carolina.

 

For more information about H&R Block, visit HRBlock.com .

 

# # #

 

About H&R Block

 

H&R Block, Inc. (NYSE: HRB) provides help and inspires confidence

in its clients and communities everywhere through global tax preparation services, financial products , and small-business 

solutions. The company blends digital innovation with human expertise and care as it helps people get the best outcome at tax time and

be better with money using its mobile banking app, Spruce . Through Block Advisors and Wave , the company helps small-business

owners thrive with year-round bookkeeping, payroll, advisory, and payment processing solutions. For more information, visit H&R

Block News .

 

For inquiries, please contact:

 

Media

Relations:
Lexi

Ryan, (816) 877-7076, lexi.ryan@hrblock.com

Media Desk: Mediadesk@hrblock.com

 
 

Investor

Relations:
Jessica Hazel, (816) 904-9956, jessica.hazel@hrblock.com

  

Forward-Looking Statements

 

This press release contains forward-looking statements

within the meaning of the securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to

historical or current facts. They often include words or variation of words such as "expects," "anticipates," "intends,"

"plans," "believes," "commits," "seeks," "estimates," "projects," "forecasts,"

"targets," "would," "will," "should," "goal," "could" or "may" or

other similar expressions. Forward-looking statements provide management's current expectations or predictions of future conditions, events

or results. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future

are forward-looking statements. They may include estimates of revenues, client trajectory, income, effective tax rate, earnings per share,

cost savings, capital expenditures, dividends, share repurchases, liquidity, capital structure, market share, industry volumes or other

financial items, descriptions of management’s plans or objectives for future operations, products or services, anticipated effects

of leadership changes, or descriptions of assumptions underlying any of the above. All forward-looking statements speak only as of the

date they are made and reflect the Company's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance

or events. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes

in underlying assumptions, factors, or expectations, new information, data or methods, future events or other changes, except as required

by law. By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially

from those suggested by the forward-looking statements. Factors that might cause such differences include, but are not limited to a variety

of economic, competitive and regulatory factors, many of which are beyond the Company's control, that are described in our Annual Report

on Form 10-K for the most recently completed fiscal year in the section entitled "Risk Factors" and additional factors we may

describe from time to time in other filings with the Securities and Exchange Commission. You may get such filings for free at our website

at https://investors.hrblock.com. You should understand that it is not possible to predict or identify all such factors and, consequently,

you should not consider any such list to be a complete set of all potential risks or uncertainties.