H&R Block Names New CEO

Wiliam CobbH&R Block has named William C. Cobb, a former eBay executive, as its new president and CEO who will replace Alan Bennett, who is retiring in September. Meanwhile, the company said the number of returns it prepared for the tax season was up by 6.1 percent over the 2009 tax season, as the number of online tax returns increased. However, the overall growth lagged both rival chain, Liberty Tax, and sales of Intuit's TurboTax, which both rose by 11.1 percent for the same period.

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