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, highlighting Majumdar's strategic value in advancing the firm's green initiatives.
Jones, with nearly 50 years of executive leadership experience at companies including 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 sits on boards for Nuvance Health and Northwell Health. Majumdar, following a 20-year tenure as President of Buffalo Biodiesel Inc., brings expertise in industrial scaling, circular economy frameworks, and advanced material science.
In his new roles, 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. Verite manages $7 billion in current obligations and over $20 billion in committed investments, positioning it to deploy capital at scale. Majumdar's integration builds on a two-year mentorship with Jones, whom he describes as "the most ethical man I ever met." Together, they aim to achieve large-scale environmental remediation and protect underserved communities.
For more information, visit Verite Capital Partners.
