LeMond said after Change Cycling Now's inaugural meeting that International Cycling Union president Pat McQuaid can't remain in his job while a panel examines possible links between the organisation and the doping case involving Lance Armstrong.
"I would love to be part of the process of change and if that means as interim president then I'd be willing to do that," the 51-year-old American added. "I'll do whatever I can to help change the sport. Cycling needs radical change, it needs new leadership."
The sport is reeling from its most damaging scandal in which Armstrong was stripped of his seven Tour titles among other victories and banned for life after a damning report by the US Anti-Doping Agency.
Pre-empting the Change Cycling Now meeting in London, the UCI announced on Friday that a three-man panel will scrutinise McQuaid and his predecessor Hein Verbruggen over their relations with Armstrong.
But LeMond questioned how McQuaid and Verbruggen could remain in their roles until the panel files its report in June.
"During this investigation you can't have the fox guarding the henhouse, and that means they need to willingly step down – now," LeMond said.
Ponting brought the curtain down on an international career which has seen the former Australia captain win three successive World Cups, two of them as captain, and regain the Ashes from England on home soil.
Despite suffering a disappointing loss to South Africa in Perth to end his career with a 1-0 series defeat, Ponting was able to look back on plenty of successes.
His 168 Tests for Australia – a record held jointly with Steve Waugh – yielded a record 48 wins while he captained the side, an impressive 41 centuries and 13,378 runs for an average of 51.85.
"It's an honour to play one Test match for Australia so I've been lucky to play as many as I have," said Ponting. "I've cherished every moment."
Famed Kilkenny club James Stephens will officially launch 'From the Arch to the Pump', a publication that celebrates the 125th anniversary of 'The Village'.
The 444-page all-colour book charts the rise of the club from humble beginnings to the present day, with clubman Brian Cody leading the Cats through a golden age for the county's hurlers.
The book will be launched by GAA president Liam O'Neill in Hotel Kilkenny on Wednesday, December 12 at 8.0 and all are welcome.