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Aerojet Rocketdyne shareholders elect CEO slate to board

by Marc Selinger

Aerojet Rocketdyne exams a rocket engine’s thrust chamber meeting. (Aerojet Rocketdyne)

A slate of candidates led by Aerojet Rocketdyne CEO Eileen Drake has received the publicly traded firm’s contentious election for board of administrators, defeating a gaggle led by government chairman and main shareholder Warren Lichtenstein, the Drake crew introduced on 30 June.

The eight-member Drake slate acquired greater than 75% of the votes forged, with Drake receiving over 83%, greater than some other candidate, the CEO’s group wrote in a press launch. Drake’s slate consists of 4 incumbent administrators, together with Drake, and 4 new administrators.

“We look ahead to placing this proxy battle behind us so we will proceed to deal with creating worth for our shareholders,” Drake mentioned.

A spokesperson for the Lichtenstein slate declined to remark.

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