Story perspectives

Tripadvisor Expands Board After Deal with Starboard Value

3/23/2026

Summary

Story summary

Tripadvisor, Inc. and Starboard Value LP (an activist investor) announced a cooperation agreement on March 23, 2026, under which four new directors join Tripadvisor's Board, expanding it from eight to ten members.
Dhiren Fonseca and Andrew F. Cates were appointed to the board immediately.
Two additional directors will be recommended for election at Tripadvisor's 2026 Annual Meeting.
Starboard will support Tripadvisor's nominees and refrain from nominating its own slate.

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Story summary

Tripadvisor, Inc. and Starboard Value LP (an activist investor) announced a cooperation agreement on March 23, 2026, under which four new directors join Tripadvisor's Board, expanding it from eight to ten members.
Dhiren Fonseca and Andrew F. Cates were appointed to the board immediately.
Two additional directors will be recommended for election at Tripadvisor's 2026 Annual Meeting.
Starboard will support Tripadvisor's nominees and refrain from nominating its own slate.