H&R Block Shares Slip Over 7% On Resignation Of CEO

H&R Block (NYSE: HRB) has announced that its CEO, Russ Smyth, has resigned with immediate effect. Former interim CEO Alan Bennett will take over from Smyth as President and CEO of the company. According to Macquarie Securities’ Bill Carcache, “We now quite frankly view H&R Block as an organization that may lack the drive, fierce competitiveness, and strong leadership necessary to outperform.”

HRB’s shares slipped 7.36% to $14.35 at 11:02 am.

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