THOMSON SCIENTIFIC APPOINTS RICHARD RIEGEL AS GENERAL MANAGER OF LIQUENT
Philadelphia, PA USA-London UK - August 4, 2005 — Thomson Scientific today announced that Richard "Rick" Riegel has been named General Manager of its Liquent regulatory solutions business. Forty-eight of the top 50 global life sciences companies rely on Liquent regulatory solutions for the technology and services to compress the regulatory submissions and approval process, improving speed to market, cost control, and productivity. Thomson Scientific is a business of The Thomson Corporation (NYSE: TOC; TSX: TOC).
Riegel has more than 20 years executive sales, marketing and practice leadership experience in technology and professional services firms focused on the pharmaceutical and life science industries.
Riegel comes to Thomson Scientific from Taratec, a leading life science consultancy, providing integrated business, information technology and regulatory compliance services. Prior to joining Taratec, Riegel was with IBM, where he served as the General Manager for the Pharmaceutical industry and then as Vice President of Solution Marketing for IBM Healthcare and Life Sciences. And before IBM, he spent eight years at First Consulting Group (FCGI), where he ultimately served as the Managing Director of the company's Life Sciences Division.
In these positions, Riegel successfully built and led teams of more than 500 associates and was responsible for more than $80 million in revenue. He established new consulting practices in the US and Europe; managed acquisitions; and created and executed new business, marketing and sales strategies that dramatically improved revenue and profitability.
"Rick is a welcome addition to our executive team," said Vin Caraher, president and CEO of Thomson Scientific. "His successful track record and extensive background in the life sciences industry will allow him to play a major role in advancing our Liquent regulatory solutions business."
"Thomson Scientific's Liquent products and services are recognized around the world as the industry's -leading regulatory product management and publishing solution set," commented Riegel. "I welcome the opportunity to lead the efforts to ensure that Liquent continues its focus on delivering high-quality products and improving the satisfaction of our global client community."
Thomson Reuters (www.thomsonreuters.com), with 2005 revenues of approximately $8.5 billion, is a global leader in providing integrated information solutions to business and professional customers. Thomson provides value-added information, software tools and applications to more than 20 million users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate e-learning and assessment, scientific research and healthcare. With operational headquarters in Stamford, Conn., Thomson has approximately 40,500 employees and provides services in approximately 130 countries. The Corporation’s common shares are listed on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
Scientific is a business of Thomson Reuters. Its information solutions assist professionals at every stage of research and development—from discovery to analysis to product development and distribution. Thomson scientific information solutions can be found at www.scientific.thomson.com.