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updated 00:15, Tue November 06, 2007

H&R Block CFO William Trubeck Resigns, Becky Shulman to Take Over As Acting CFO

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KANSAS CITY, Mo. (AP) -- H&R Block Inc. said Monday Chief Financial Officer William Trubeck resigned his post effective immediately and will be replaced by Becky Shulman, the tax preparation company's current treasurer, on an interim basis.

Trubeck, who joined the company in October 2004, will remain as a consultant to H&R Block through year-end.

H&R Block has struggled this year as the collapse of the subprime mortgage market has hurt the company's Option One Mortgage Corp. unit, generating millions of dollars in losses.

H&R Block shares lost 76 cents, or 3.7 percent, to $19.83 in early trading.

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