Dynatrace adds two directors after Starboard talks

• Dynatrace (NYSE:DT) appointed George Riedel and Dan Streetman to its board following engagement with Starboard Value.
• The company said it will hold an Investor Day after Q2 fiscal 2027 results to outline a path toward its “Rule of 50” goal by fiscal 2029.
• Dynatrace reaffirmed plans to continue returning capital under its $1 billion share buyback program.

Dynatrace (NYSE:DT) appointed George Riedel and Dan Streetman to its Board of Directors, effective immediately, following discussions with activist investor Starboard Value.

The changes come as the company continues to position its observability platform around artificial intelligence adoption compared with earlier phases focused more on traditional cloud monitoring tools.

The company said George Riedel brings prior CEO and senior executive experience across technology firms, while Dan Streetman is CEO of Tanium and has experience in cybersecurity and enterprise software.

Dynatrace Chair Jill Ward said the appointments reflect engagement with Starboard and support the company’s strategy to create shareholder value through technology and execution.

Dynatrace said it plans to host an Investor Day after its Q2 fiscal 2027 results to outline its path toward achieving a “Rule of 50” target in fiscal 2029.

The company also reiterated its $1 billion share repurchase authorization and said it intends to communicate a broader capital return framework at the Investor Day.