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Drake’s Faction Wins All Aerojet Rocketdyne Board Seats

Cal Biesecker By
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Drake’s Faction Wins All Aerojet Rocketdyne Board Seats
Aerojet Rocketdyne President and CEO Eileen Drake. Photo: Aerojet Rocketdyne.

Aerojet Rocketdyne [AJRD] President and CEO Eileen Drake won her bitterly contested proxy battle with the company’s dissident executive chairman, Warren Lichtenstein, after shareholders on Thursday voted in favor of Drake and all of her nominees to sit on the board of directors. Drake and her faction enjoyed the support of the two leading independent proxy advisers who recommended to institutional investors before the June 30 special meeting of shareholders that they vote for the Drake slate to be directors.…

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