Date: Fri, 19 Dec 1997 03:15:15 GMT Server: Apache/1.1.3 Content-type: text/html
H&R BLOCK NAMES INTERIM CEO For further information Linda McDougall (816) 932-7542
KANSAS CITY, Mo. -- The Board of Directors of H&R Block, Inc. (NYSE:HRB) today appointed Frank L. Salizzoni interim president and chief executive officer effective immediately. He replaces Richard H. Brown who on May 15 announced his intentions to become chief executive of Cable & Wireless Group p.l.c. in London effective July 1. Block's Board of Directors has formed a search committee for a new president and CEO, and that process is well under way. Salizzoni has been a member of H&R Block's Board of Directors eight years. He was president and chief operating officer for USAir, Inc., and USAir Group, Inc., from 1994 until April of this year. Prior to 1994, he served four years as USAir's executive vice president-finance and chief financial officer. Salizzoni also was chairman and chief executive officer of TW Services from 1987 to 1989 and held several senior financial management positions with Trans World Airlines and Transworld Corporation from 1967 to 1987. Founded in 1955, H&R Block, Inc., is a diversified
company offering tax and financial services. H&R
Block Tax Services is the country's largest tax preparation firm handling
approximately one in every seven returns filed with the Internal Revenue
Service in 1996. The company served 17.4 million taxpayers in more than
9,600 offices in the United States, Canada, Australia and 15 other countries
and territories. Block Financial Corporation,
started in 1993, develops and provides technology-driven financial services.
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