Recycle Track Systems (RTS), a waste and recycling management technology company, has announced that Lew Frankfort, the former chairman and chief executive officer of Coach Inc., has joined its board of directors. Frankfort will serve as a resource and advisor as RTS expands after its recent nearly $12-million Series A funding this past July.
"Lew Frankfort is a global business legend,” says said RTS co-founder and CEO Greg Lettieri. "It is very exciting to have Lew's guidance and experience as we grow the RTS brand, expand into new markets and focus on operational efficiency
Frankfort says, "I am excited to join RTS as both an investor and advisor. The company has already demonstrated its ability to disrupt the waste management and recycling industry with nimble technology and a strong leadership team. Its future is unlimited.”
RTS currently works with businesses across the country, focusing on sustainability through efficient routing, training and on-demand orders; streamlining the waste removal services for clients such as, Whole Foods, WeWork, Juice Press and the Natural Resources Defense Council (NRDC).
Frankfort’s career spans more than 35 years with Coach, where he served as chairman and chief executive officer. During his time with the company, he transformed a small manufacturer of leather goods into a leading global, modern luxury accessories brand. Prior to joining Coach, Frankfort held various management roles in New York City government, culminating in the position of commissioner of New York City's Head Start and Day Care Programs.
He holds a BA from Hunter College and an MBA from Columbia University and serves on the board of directors of shared office space provider WeWork and is affiliated with a number of nonprofit organizations.
RTS is headquartered in New York and provides a proprietary tracking system to provide businesses with accurate data and real-time accountability of waste and recycling removal. The company was founded in 2015 and focuses on environmentally friendly avenues for waste removal and processing. In March 2017, RTS was certified by nonprofit B Lab as a B Corp, which are for-profit companies that meet standards of social and environmental performance, accountability and transparency.