Since early 2019, Rick Riegel has led LMC Advisory, LLC, which was established to provide board level, 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.
Rick currently serves on the boards of four private-equity backed companies including ActiGraph (Executive Chairman), Deerfield Agency (Chairman), Syner-G BioPharma Solutions (Director), and RealTime Software Solutions (Director). In addition, he is on the external Boards of Advisors of ArisGlobal, TrialBee and Gens & Associates.
Rick joined Phlexglobal in April 2015 and led the company through a successful exit from one private equity firm to another private equity firm in late 2016. He transitioned to the Board as Vice Chairman in January 2019 and the company successfully exited to PharmaLex in January 2022. Phlexglobal provides specialized technology, outsourcing 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 as CEO, Phlexglobal grew significantly, improved profitability, commercialized the company’s software technology offerings, and established a significant services operation in Poland.
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 in late 2012 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, General Manager and Head of Sales and Marketing, supporting companies in the pharmaceutical and life sciences industries and in addition to his more recent roles, he worked for companies 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 has a passion for mentoring, and he lives in Philadelphia, Pennsylvania, with his wife Tracy and they have three grown daughters.