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ISS recommends Aerojet investors back CEO in bitter proxy contest -Breaking


© Reuters.

BOSTON, (Reuters) – Prominent proxy advisory company Institutional Shareholder Services(ISS) recommended Friday that Aerojet Rocketdyne Holdings Inc. support CEO Eileen Drake and her eight-person board in a bitter boardroom fight between Drake and the U.S. rocket manufacturer’s executive chair.

Warren Lichtenstein (executive chairman) and Eileen Drake, chief executive, proposed eight directors candidates for the board.

A special meeting will take place on June 30, where investors can vote for who should sit on the board.