Activist Ancora Said to Push for Elanco Leadership Changes (2)

Activist investor Ancora has built a position in Elanco Animal Health Inc. and is pushing for leadership changes at the animal-medicine maker, according to people with knowledge of the matter.

Ancora wants the Greenfield, Indiana-based company to replace Chief Executive Officer Jeffrey Simmons and refresh its board, the people said, asking not to be identified discussing private information. Ancora, which is among top 10 shareholders of the company, is also urging Elanco to improve its margins, the people said.

If a settlement can’t be struck, Ancora plans to nominate board directors and has recruited a slate of director candidates, the ...