Richard N. Foster
Encyclopedia
Richard N. Foster, Managing Partner, Millbrook Management Group LLC – Mr. Foster was a Director and Senior Partner of with McKinsey & Company where he was responsible for serving clients in the U.S., Europe and Asia focusing on industry sectors including chemicals, electronics, healthcare, retail and consumer goods industries.
During his 31 year tenure with McKinsey & Company
and beginning in 1973, Mr. Foster was elected principal (1977) and later Senior Partner and Director (1982), a position he maintained for 22 years. Before leaving McKinsey & Company, Mr. Foster served as founder and Managing Director of McKinsey’s private equity practice. He also founded and lead McKinsey’s technology and healthcare sectors. In addition, Mr. Foster led the multi-decade consulting activities with one of McKinsey’s largest clients, a healthcare company.
While at McKinsey & Company, Mr. Foster led a fifteen year effort to construct and analyze a database to analyze the financial and capital markets records of over 4000 U.S. companies. This effort resulted in Mr. Foster’s two best selling books, “Innovation: The Attacker’s Advantage” (1986) and “Creative Destruction” (2000), which focuses on the relationship between capital formation, innovation and corporate leadership.
Mr. Foster served as a member of the Board of the Santa Fe Institute
from 1994-2004, where he was the primary sponsor of the economics program focusing on finance and trading strategies.
Mr. Foster is a Director of Trust Company of the West, athena healthcare, the Council for Aid to Education, Cardax Pharmaceuticals, the Memorial Sloan Kettering Institute and the Council on Foreign Relations
.
In April 2011, Mr. Foster joined Lux Capital
as a Venture Partner, providing expertise in life sciences and healthcare IT investment.
Mr. Foster received his B.S., M.S. and PhD in Engineering and Applied Science from Yale University
.
During his 31 year tenure with McKinsey & Company
McKinsey & Company
McKinsey & Company, Inc. is a global management consulting firm that focuses on solving issues of concern to senior management. McKinsey serves as an adviser to many businesses, governments, and institutions...
and beginning in 1973, Mr. Foster was elected principal (1977) and later Senior Partner and Director (1982), a position he maintained for 22 years. Before leaving McKinsey & Company, Mr. Foster served as founder and Managing Director of McKinsey’s private equity practice. He also founded and lead McKinsey’s technology and healthcare sectors. In addition, Mr. Foster led the multi-decade consulting activities with one of McKinsey’s largest clients, a healthcare company.
While at McKinsey & Company, Mr. Foster led a fifteen year effort to construct and analyze a database to analyze the financial and capital markets records of over 4000 U.S. companies. This effort resulted in Mr. Foster’s two best selling books, “Innovation: The Attacker’s Advantage” (1986) and “Creative Destruction” (2000), which focuses on the relationship between capital formation, innovation and corporate leadership.
Mr. Foster served as a member of the Board of the Santa Fe Institute
Santa Fe Institute
The Santa Fe Institute is an independent, nonprofit theoretical research institute located in Santa Fe and dedicated to the multidisciplinary study of the fundamental principles of complex adaptive systems, including physical, computational, biological, and social systems.The Institute houses a...
from 1994-2004, where he was the primary sponsor of the economics program focusing on finance and trading strategies.
Mr. Foster is a Director of Trust Company of the West, athena healthcare, the Council for Aid to Education, Cardax Pharmaceuticals, the Memorial Sloan Kettering Institute and the Council on Foreign Relations
Council on Foreign Relations
The Council on Foreign Relations is an American nonprofit nonpartisan membership organization, publisher, and think tank specializing in U.S. foreign policy and international affairs...
.
In April 2011, Mr. Foster joined Lux Capital
Lux Capital
Lux Capital is a venture capital firm founded by Peter Hébert, Robert Paull, and Josh Wolfe in 2000. The firm invests in emerging technologies in the physical and life sciences.The firm is based in New York, with partners also located in Boston and San Diego...
as a Venture Partner, providing expertise in life sciences and healthcare IT investment.
Mr. Foster received his B.S., M.S. and PhD in Engineering and Applied Science from Yale University
Yale University
Yale University is a private, Ivy League university located in New Haven, Connecticut, United States. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States...
.