Dynatrace Adds Directors Amid Engagement with Starboard Value

By Hao Liu • Wednesday, July 01 10:46 • Permanent Link

Dynatrace added two directors to its board, naming George Riedel and Dan Streetman effective immediately after what it described as constructive engagement with Starboard Value.

Riedel brings board and operating experience from technology companies including Cloudmark and Nortel Networks, while Streetman is chief executive of Tanium and previously led Tibco Software. Dynatrace said the additions are intended to support its strategy in software and AI.

The company also said it plans to hold an investor day after reporting second-quarter fiscal 2027 results. At that event, Dynatrace said it will outline its path to a “rule of 50” target in fiscal 2029, defined by the company as ARR growth plus non-GAAP operating margin. It also plans to present a capital return framework while reaffirming its existing $1 billion share repurchase authorization.

Dynatrace said it and Starboard intend to continue substantive engagement in the coming months. The market has reacted to these announcements by moving the company's shares 5.12% to a price of $46.16. For more information, read the company's full 8-K submission here.

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