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EX-99.1
4
tm2523074d1_ex99-1.htm
EXHIBIT 99.1

 

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.