Verite Capital Partners has appointed Sumit Majumdar as Vice Chairman, Chief Sustainability Officer, and Operating Partner, a move that significantly expands the firm's commitment to environmental sustainability, industrial job creation, and economic development for underserved communities. Don Jones, Chairman and Managing Partner of Verite Capital Partners, made the announcement, citing Majumdar's vision for economically viable green initiatives in employment, energy, and agriculture.
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 more than 30,000 locations, preventing significant greenhouse gas emissions through localized waste-to-energy systems. He is also the architect of 'Project Green Logic,' a carbon-negative industrial hub and advanced materials research center, and has engineered international waste-to-energy frameworks across Ghana, Nigeria, and Mexico.
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, with plans to scale 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 stated.
Verite Capital Partners, managing $7 billion in current obligations and over $20 billion in committed investments, is uniquely positioned to deploy capital at scale. The firm's strategic and financial commitment to Buffalo Biodiesel will increase both domestically and internationally under Majumdar's leadership.
Don Jones, who has nearly 50 years of executive leadership experience at Macy's, IKEA, GAP, and Target, founded Verite in 2009 to scale capital access and corporate education for diverse entrepreneurs. He serves as Chairman of the Board of Trustees at Felician University, where he received the 2024 Martin Luther King, Jr. Legacy Award, and serves on the boards of Nuvance Health and Northwell Health.
Majumdar's integration into Verite's leadership is built on a professional relationship with Jones, who has served as his executive mentor for nearly two years. 'Don Jones is the most ethical man I ever met. His mission is so crystal clear it does not allow for perversion or deviation,' Majumdar said.
Together, Jones and Majumdar are positioning Verite at the forefront of the global green transition, demonstrating that high-level corporate finance can be leveraged to achieve environmental stability and equitable global opportunity. More information is available at Verite Capital Partners.
