Aerojet Rocketdyne CEO Poised to Win Proxy Fight Against Executive Chairman

The chief government of protection provider Aerojet Rocketdyne Holdings Inc. is poised to prevail in an uncommon proxy struggle in opposition to its government chairman, folks aware of the matter mentioned.

Shareholders seem set to elect the eight-person board slate put forth by CEO Eileen Drake based mostly on the votes which have are available in forward of the shareholder meeting Thursday, the folks mentioned. The firm’s government chairman, Warren Lichtenstein, had proposed his personal slate after the 2 grew to become embroiled in a bitter internal battle.