Juniper Networks Adds Two Directors in Agreement With Elliott

Juniper Networks on Tuesday named two independent directors to its board and said activist investor Elliott Management would support the network gear maker’s nominations.

The Wall Street Journal reported in December that Juniper and Paul Singer-controlled Elliott were in talks about adding a number of new directors to the company’s board.

Elliott and its associates held an 8.7 percent stake in Juniper as of November.

Juniper appointed Jim Dolce and Rahul Merchant to its board, and said Elliott would vote in favor of the company’s nominees at its annual meeting.

Elliott has pushed for changes or a sale at enterprise technology companies such as EMC, Riverbed Technology and NetApp in the past few years.

Juniper bowed to Elliott’s demands last February, when it agreed to appoint former Cisco Systems executives Kevin DeNuccio and Gary Daichendt as directors to its board.

(Reporting By Sai Sachin R in Bengaluru)

This article originally appeared on Recode.net.

Will you join us?

Our biggest supporters are our readers — and we’re so grateful to everyone who has made a contribution during our September campaign. We’re less than 1,000 contributions away from reaching our goal for the month, which in turn will allow us to say yes more often when our incredible journalists come to us with questions they want to answer and projects they want to pursue. Will you make a contribution before the month ends and support our policy coverage through 2024 and beyond?

One-Time Monthly Annual

$5/month

$10/month

$25/month

$50/month

Other

$

Yes, I'll give $5/month

Yes, I'll give $5/month

We accept credit card, Apple Pay, and Google Pay. You can also contribute via