Dynatrace Adds 2 Directors After Engagement With Starboard Value

MT Newswires Live

07/01

Dynatrace (DT) said Wednesday it has appointed George Riedel and Dan Streetman to its board, effective immediately, following its engagement with activist investor Starboard Value.

Riedel is a former CEO of Cloudmark, while Streetman is CEO of cybersecurity firm Tanium.

Dynatrace reiterated its plan to return significant capital to shareholders under its $1 billion share repurchase authorization.

The company said it and Starboard plan to continue discussions in the coming months.

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