Richard J. Riegel leads LMC Advisory, LLC, which was established to provide advisory and consulting services for investors and organizations that are focused on high growth solutions opportunities in life sciences. Services provided and experiences include market assessment, buy-side advisory, board membership, and mentoring and advising company leadership teams on strategy, go-to-market and building equity value.
He is a CEO with a proven track record of successfully transforming solutions companies to higher growth, greater profitability and increased shareholder value. He serves as the vice chairman of the board of Phlexglobal, Inc. and he previously served as the company’s Chief Executive Officer before his retirement in early 2019. Phlexglobal provides specialized technology and expert services solutions for the pharmaceutical and life sciences industry across the Trial Master File, Clinical and Regulatory processes. Under his four years of leadership, Phlexglobal grew significantly, improved profitability, established a significant services operation in Poland, and he led the sale process to new private equity ownership. He also serves on the Board of Advisors of Gens & Associates and Adaptive Clinical.
Previously, as CEO of LIQUENT, he managed the divestiture of LIQUENT out of Thomson Reuters to private equity ownership, and after transforming the company to higher growth and profitability, led the sale of LIQUENT to PAREXEL, a leading Clinical Research Organization.
Throughout his 30-plus year career, Riegel has held key positions with increasing responsibilities in the technology and professional services industries as a CEO, vice president, general manager, and head of sales, supporting companies in the pharmaceutical and life sciences industries including IBM, First Consulting Group, Taratec Development and Barnett International.
Riegel earned a Master of Business Administration degree from Villanova University and a Bachelor of Science degree in Mechanical Engineering from Penn State. He lives in West Chester, Pennsylvania, with his wife, Tracy. They have three grown daughters.
