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Aerojet CEO’s Board Candidates Backed by ISS in Proxy Fight

Eileen Drake, CEO and President Aerojet Rocketdyne

Eileen Drake, CEO and President Aerojet Rocketdyne

Source: PRNewswire

Aerojet Rocketdyne Holdings Inc. Chief Executive Officer Eileen Drake has received backing from the Institutional Shareholder Services for her slate of candidates battling for board seats in a proxy fight with the US rocket-engine maker’s chairman. 

In a shareholder letter on Saturday, Drake and three other independent directors said the ISS, a provider of proxy research and vote recommendations to the investment community, has recommended that Aerojet shareholders vote for all of Drake’s director nominees at a meeting on June 30.