Tripadvisor adds four new directors after agreement with activist investor

Tripadvisor has reached an agreement with shareholder Starboard Value to add four new directors. This follows a letter from Starboard calling for a sale of the company and new director appointments. Starboard owns more than 9% of the company. Dhiren Fonseca and Andrew Cates have been appointed immediately, and Starboard will recommend two more at the annual meeting. The move aims to support value creation.