Verite Capital Partners has appointed Sumit Majumdar as Vice Chairman, Chief Sustainability Officer, and Operating Partner, marking a significant expansion of the firm's institutional commitment to global environmental sustainability, large-scale industrial job creation, and economic development for underserved populations. Don Jones, Chairman and Managing Partner, announced the appointment, citing Majumdar's vision for economically viable green initiatives in employment, energy, and agriculture that empower communities.
Majumdar brings over 20 years of experience as President of Buffalo Biodiesel Inc., where he grew the company into a major multi-state enterprise serving over 30,000 locations and prevented significant greenhouse gas emissions through localized waste-to-energy systems. He is the architect behind 'Project Green Logic,' a carbon-negative industrial hub and advanced materials research center, and has engineered international waste-to-energy frameworks in Ghana, Nigeria, and Mexico. His expertise in industrial scaling, circular economy frameworks, and advanced material science will be instrumental in Verite's global strategy.
In his new role, Majumdar will oversee an international initiative to establish more than one million green jobs globally while reducing worldwide carbon emissions by one percent, scaling subsequent operations systematically within that same ratio. 'The metric-driven target is to build an infrastructure capable of mobilizing 100 million individuals to secure environmental viability for subsequent generations,' Majumdar said.
Don Jones, who has nearly 50 years of executive leadership experience with retailers such as Macy's, IKEA, GAP, and Target, founded Verite in 2009. The firm has since focused on scaling capital access and corporate education for diverse entrepreneurs. Jones serves as Chairman of the Board of Trustees at Felician University, sits on the boards of Nuvance Health and Northwell Health, and chairs the Verite Foundation. He noted that Majumdar's integration into Verite's leadership is built on a two-year mentorship relationship, with Jones calling Majumdar's mission 'crystal clear.'
Verite Capital Partners manages $7 billion in current obligations and over $20 billion in committed investments, positioning the firm to deploy capital at scale for long-term global impact. Together, Jones and Majumdar aim to demonstrate that high-level corporate finance can be systematically leveraged to achieve environmental stability and equitable opportunity. For more information, visit Verite Capital Partners.
